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

  • House Republicans proposed a tax bill featuring a $30,000 cap on state and local tax deductions, which is a change from the previous $10,000 limit, according to the House Ways and Means Committee.
  • President Donald Trump supports the tax proposal, claiming it will be the biggest tax cut for middle and working-class Americans by far, while also stating that the bill includes 'No Tax On Tips, No Tax On Overtime.'
  • The package aims to raise the debt limit by $4 trillion and retains tax cuts from 2017, while facing criticism from Democrats about potential healthcare coverage losses.
  • Some Republicans are concerned the $30,000 SALT cap may not satisfy fiscal hawks or moderates reliant on Medicaid, 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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