Republicans report progress, but no deal on critical SALT issue

NY House Member Says He’s Disgusted With Bessent’s SALT Offer

New York Republican Nick LaLota called Treasury Secretary Scott Bessent’s latest offer on the state and local tax deduction “insulting” and “disgusting,” raising serious questions about whether the GOP can strike a deal on the tax and spending bill.

Republicans report progress_ but no deal on critical SALT issue

It’s crunch time for negotiations over the state and local tax (SALT) deduction cap. After a high-stakes meeting with Treasury Department Secretary Scott Bessent on Wednesday, House Republicans in the SALT Caucus and a key GOP senator reported “progress” but no deal, leaving one of the thorniest issues in the party’s tax and spending bill unresolved. Stakeholders say talks have zeroed in on keeping in place the $40,000 deduction cap — which the …

Key SALT Republican rejects latest offer from Senate GOP, White House

Republicans report progress, but no deal on critical SALT issue

It’s crunch time for negotiations over the state and local tax (SALT) deduction cap. After a high-stakes meeting with Treasury Department Secretary Scott Bessent on Wednesday, House Republicans in the SALT Caucus and a key GOP senator reported “progress” but no deal, leaving one of the thorniest issues in the party’s tax and spending bill unresolved. Stakeholders say talks have zeroed in on keeping in place the $40,000 deduction cap — which the …

Cantor: Long Island’s 40-Year Fight to Keep the SALT Deduction

Economist Martin Cantor reflects on four decades of efforts to preserve the SALT deduction and how its loss still threatens Long Island’s middle class.