Overview

• A group of five suburban Republican lawmakers from New York, New Jersey, and California is leveraging its votes to demand an increase in the $10,000 SALT deduction cap.
• Rep. Nick LaLota stated that negotiations on the SALT cap are far from reaching a deal, describing progress as being at the '25-yard line.'
• The lawmakers argue that the current cap disproportionately penalizes middle-class taxpayers in high-tax blue states and have rejected income-threshold compromises as unfair.
• The group has agreed on a minimum acceptable cap increase but has not disclosed the specific figure they are seeking.
• With the Ways and Means Committee set to consider the tax portion of the bill next week, time pressure mounts for GOP leaders to reach a resolution.