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House Tax Bill Calls for $30,000 SALT, Omits Millionaire Tax

  • House Republicans introduced a tax bill allowing taxpayers to deduct up to $30,000 for state and local taxes, raising the limit from $10,000, as described in a measure released by the House Ways and Means Committee.
  • The proposed legislation includes new tax breaks for income from tips, overtime pay, and additional deductions for seniors, according to the House tax-writing committee.
  • President Donald Trump expressed support for the bill on Truth Social, asserting it will be 'the biggest Tax Cut for Middle and Working Class Americans by far.'
  • The bill is expected to reduce government revenue significantly, contributing to the national debt, and aims to be passed before the U.S. Memorial Day holiday, as stated by House Speaker Mike Johnson.
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Washington Times broke the news in United States on Saturday, May 10, 2025.
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