{"id":966,"date":"2025-05-21T13:54:47","date_gmt":"2025-05-21T13:54:47","guid":{"rendered":"https:\/\/thetradingdictionary.com\/index.php\/2025\/05\/21\/speaker-johnson-reaches-tentative-deal-with-blue-state-republicans-to-boost-cap-on-salt-deduction\/"},"modified":"2025-05-21T13:54:47","modified_gmt":"2025-05-21T13:54:47","slug":"speaker-johnson-reaches-tentative-deal-with-blue-state-republicans-to-boost-cap-on-salt-deduction","status":"publish","type":"post","link":"https:\/\/thetradingdictionary.com\/index.php\/2025\/05\/21\/speaker-johnson-reaches-tentative-deal-with-blue-state-republicans-to-boost-cap-on-salt-deduction\/","title":{"rendered":"Speaker Johnson reaches tentative deal with blue state Republicans to boost cap on SALT deduction"},"content":{"rendered":"<div class=\"paywall has-gated-overlay gated-article-body\">\n<p class=\"speakable\">House Speaker Mike Johnson has reached a tentative deal with blue state Republican lawmakers to boost the cap on state and local tax deductions, or SALT, to $40,000 in President Donald Trump\u2019s so-called &#8216;big, beautiful bill,&#8217; Republican sources confirmed to Fox News late Tuesday.&nbsp;<\/p>\n<p class=\"speakable\">The proposed cap \u2013 which is up from $30,000 \u2013 would be per household for taxpayers making less than $500,000 per year.&nbsp;<\/p>\n<\/p>\n<p>&nbsp;It remains unclear whether GOP hardliners who oppose raising the SALT cap deductions will sign off on the measure.&nbsp;<\/p>\n<\/p>\n<p>The tentative agreement, first reported by Politico and confirmed by Fox News, comes as House GOP factions have been engaged in high-stakes debates on taxes, Medicaid, and green energy subsidies while crafting the president\u2019s &#8216;big, beautiful bill.&#8217;<\/p>\n<p>SALT deduction caps primarily benefit people living in high-cost-of-living areas like New York City, Los Angeles, and their surrounding areas.&nbsp;<\/p>\n<\/p>\n<p>Republicans representing those areas have framed raising the SALT deduction cap as an existential issue, arguing that a failure to address it could cost the GOP the House majority in the 2026 midterms.&nbsp;<\/p>\n<p>Meanwhile, Republicans representing lower-tax states are largely wary of raising the deduction cap, believing that it incentivizes blue states\u2019 high-tax policies.&nbsp;<\/p>\n<p><i>Fox News Digital\u2019s Elizabeth Elkind contributed to this report.&nbsp;<\/i><\/p>\n<\/div>\n<div>This post appeared first on FOX NEWS<\/div>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>House Speaker Mike Johnson has reached a tentative deal with blue state Republican lawmakers to boost the cap on state and local tax deductions, or SALT, to $40,000 in President Donald Trump\u2019s so-called &#8216;big, beautiful bill,&#8217; Republican sources confirmed to Fox News late Tuesday.&nbsp; The proposed cap \u2013 which is up from $30,000 \u2013 would&hellip;<\/p>\n","protected":false},"author":1,"featured_media":967,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world-news"],"_links":{"self":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/posts\/966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/comments?post=966"}],"version-history":[{"count":0,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/posts\/966\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/media\/967"}],"wp:attachment":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/media?parent=966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/categories?post=966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/tags?post=966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}