House Speaker Mike Johnson and a group of blue-state Republicans have reached a critical but tentative deal to boost the cap on state and local tax deductions to $40,000 in the GOP megabill, according to three Republicans with direct knowledge of the private agreement.However, GOP hard-liners and fiscal hawks who deeply oppose a higher SALT cap boost still need to sign off on the measure. But the tentative deal is a major step forward for House GOP leadership in advancing their marquee border, energy, defense and tax package.
Its politics so don't go thinking this is done and dealt. But its incremental progress on the bill. If progress is massive deficits and debtl, of course.
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This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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