The Trump tax cut plan is at an impasse, with infighting within the Republican Party, and a heated debate over "state and local tax deductions."

Wallstreetcn
2025.05.21 00:11
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Reports indicate that Trump and House Speaker Mike Johnson hope the State and Local Tax (SALT) bill can be passed before Memorial Day weekend, but Republicans from high-tax states refuse to compromise, insisting on raising the SALT deduction cap, which has stalled the legislation