Jake Sherman on GOP Budget Fight: The SALT Caucus Holds the Cards Here, Not House Speaker Johnson

Jake Sherman on GOP budget fight: The SALT caucus holds the cards here, not House Speaker Johnson

Jake Sherman, Punchbowl News co-founder, joins 'Squawk Box' to discuss the latest on the House GOP budget reconciliation bill, why he believes House Republican conference is in the midst of a low-grade rebellion, debate over SALT deduction, timeline to get the bill passed this year, and more.

Republican scoffs at GOP colleagues 'playing hardball' with Trump's bill: 'Not gonna work'

Rep. Dusty Johnson (R-SD) laid out clearly on CNN Thursday evening that Northeast Republicans trying to play hardball for full repeal of the state and local tax deduction cap are not going to get their way, and they had better get with the program and accept a compromise in President Donald Trump's budget bill.Repealing the SALT cap, which was itself passed in Trump's first tax bill in 2017, has become a massive sticking point for Republicans in…

SALT sellouts: GOP dumps red-state voters for New York Democrats

Every Republican ran for office last year promising to slash the record spending levels that fueled Biden-era inflation. Yet, every GOP proposal now adds to the deficit. Republicans can't agree on a single major program to cut. At the very least, one might expect them to eliminate federal subsidies that prop up blue-state Medicaid schemes and high-tax policies. Instead, they plan to burn their political capital shielding those same states from t…

Rep. Smith to Newsmax: Blue States Better Off With GOP SALT Cap

The Republicans' proposal for limiting state and local taxes, better known as the SALT Cap, would benefit blue states, Chair of the House Ways and Means Committee Jason Smith, R-Mo., told Newsmax on Wednesday.

Why Won’t Republicans Eliminate Blue State Tax Subsidies?

Not one Democrat in the House or Senate will vote for the Trump tax bill, yet the Republicans in Congress insist on retaining and even expanding the state and local tax SALT deduction for companies and individuals, even though 75% of the benefits go to blue states! In other words, SALT isn’t just awful economic policy – because it rewards higher property and income taxes in state capitals and cities – but it’s politically dumb as a a stone. The …