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(Bloomberg) — House Speaker Mike Johnson said he’s pressuring Senate Republicans to refrain from changing a deal to increase the state and local tax deduction cap to $40,000, pushing back on President Donald Trump’s willingness to scale back the write-off.
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“I’ve asked them to modify it as little as possible because I’ve got a very delicate balance there,” Johnson told reporters at the White House on Monday.
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“The reality is that we have a very diverse conference,” Johnson added, noting that he has several members who represent high-tax areas in New York, New Jersey and California. “This is a very important thing for their constituents.”
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Johnson is seeking to preserve a deal he struck with those members last month to increase the SALT cap to $40,000, up from $10,000 in current law. That plan was critical to passing Trump’s tax bill out of the House last month.
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But as the Senate has begun negotiating the legislation, SALT has fallen off the agenda as a priority issue. No Republican senator hails from a state where SALT is a big political issue.
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Trump last week told Senate Republicans he is open to a state and local tax deduction cap lower than the $40,000 in the House-passed version of his giant tax bill.
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Several House Republicans have threatened to block the legislation if the Senate waters down the SALT write-off, setting up high-stakes negotiations between the two chambers as they look to meet a self-imposed July 4 deadline to pass the bill.
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Some Senate Republicans are also pressing to pare the bill’s price tag, while other factions are looking to scale back House-passed changes to Medicaid and phase out some green energy credits more slowly.
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“We’re going to get it done by Independence Day,” Johnson said. “It’s going to be a great celebration.”
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