House panel releases sweeping GOP tax bill
by Mychael Schnell and Tobias Burns - 05/12/25 3:14 PM ET
The House Ways and Means Committee on Monday released a fuller version of its part of the party’s bill full of President Trump’s legislative priorities, kicking off what is expected to be a showdown over the tax provisions in the sprawling measure.
The 389-page measure, which is the centerpiece of the GOP’s megabill, is expected to draw howls from within the House GOP conference.
In one of the most long-awaited details, the legislation increases the state and local tax (SALT) deduction cap from $10,000 to $30,000 for single and joint filers — which would phase down as income grows — a figure that is lower than the proposal floated by key stakeholders.
Shortly before the release of the tax, a group of Republican moderates from high-tax blue states told leadership they would be content with a SALT deduction cap of $62,000 for single filers and $124,000 for joint filers.
The SALT deduction cap, which was first instituted in the 2017 Trump tax cuts, has emerged as one of the most contentious debates pertaining to the Trump agenda bill. Moderate Republicans from high-tax blue states — including New York, New Jersey and California — have been pushing to increase the cap, which deficit hawks are opposed to. Moderate Republicans are expected to push back on the proposed caps in the coming days.
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https://thehill.com/homenews/house/5296015-gop-tax-bill-salt-trump-priorities/
