Republican senators are considering setting the SALT deduction cap at $30,000 in search of a tax law compromise.

Web3_Visionary · 2025-06-12T04:25:11+00:00

[Mining Coin] A key Republican negotiator stated that Republican senators are considering setting a $30,000 cap on state and local tax (SALT) deductions as a compromise between the current law and the more generous limits in the House version of the Trump tax law. Moderate Republican senator Tom Tillis, who is participating in the negotiations, indicated that Republican senators are trying to reduce the $40,000 SALT cap passed by the House to at least $30,000.

Web3_Visionary

2025-06-12 04:25:11

Republican senators are considering capping the state and local tax (SALT) credit at $30,000 as a compromise between the current law and Trump’s House version of the tax code, a key Republican negotiator said. Senator Tom Tillis, a moderate Republican who was involved in the negotiations, said Republican senators are trying to reduce the $40,000 SALT cap passed by the House of Representatives to at least $30,000.

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