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8h ago

Speaker Johnson Predicts SALT Cap Deal as GOP Negotiations Advance

Moderate Republicans and leadership work toward a compromise on the SALT deduction cap, pending final analysis from the Joint Committee on Taxation.

House Speaker Mike Johnson and President Trump earlier this month. Photo: Andrew Harnik/Getty Images
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Overview

  • Speaker Mike Johnson anticipates a resolution on the SALT deduction cap by Wednesday, contingent on Joint Committee on Taxation scoring.
  • Moderate Republicans from high-tax states have proposed raising the cap to $62,000 for single filers and $124,000 for joint filers, significantly higher than the current $30,000 proposal.
  • The SALT deduction cap remains a major point of contention within the GOP's broader $5 trillion reconciliation tax package, which includes other Trump-era priorities.
  • The Joint Committee on Taxation's analysis indicates the tax portion of the bill would add $3.7 trillion to the debt, leaving some budgetary room for adjustments to the SALT cap.
  • Rep. Nicole Malliotakis was asked to leave a SALT Caucus meeting after expressing support for the $30,000 cap, highlighting ongoing factional tensions.