Overview

• The House version would raise the deduction cap to $40,000 for households earning up to $500,000 under the One Big Beautiful Bill Act.
• Senate Republicans have upheld the existing $10,000 limit in their reconciliation framework, matching current law to rein in costs.
• SALT Caucus leaders have vowed to block any bill with a $10,000 cap and refuse further changes to their $40,000-for-$500,000 deal.
• White House chief of staff Susie Wiles told Senate Republicans the president expects the package on his desk by July 4, underscoring mounting pressure.
• Fiscal conservatives warn that a higher cap could add up to $600 billion to the deficit over the next decade and unfairly subsidize blue states, a claim rejected by GOP lawmakers from New York and California.