President Donald Trump is growing frustrated with demands to significantly boost the cap on the state and local tax deduction, according to a senior administration official, signaling a deadlock as Republicans aim to quickly pass a giant tax-cut bill.
Trump told lawmakers in a meeting on Tuesday not to let the SALT deduction or differences over social safety-net cuts impede the bill. But afterwards members of warring factions told reporters they were still dug in in opposing the bill unless their changes are made.
Author: Bloomberg Television
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News post in May 21, 2025, 12:05 am.
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