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SALT Talks Gain Steam With Trump’s Blessing on Tax Break
News January 22, 2025 at 03:39 PM
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What You Need To Know
- Lawmakers want to finalize a figure for the deduction cap in the coming weeks, GOP representatives say.
- Republicans are also weighing Trump’s campaign tax promises including plans to stop taxing overtime pay, tips and Social Security.
- New York Rep. Mike Lawler has introduced a bill that would lift the cap to $100,000 for individuals and $200,000 for those filing jointly.
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