The Senate implements Trump’s bill to protect the lid in state tax discounts

Unlock Watch Bulletin Free from White House

Trump’s second term Washington, your guide for what tools for business and world

The version of the US Senate’s Donald Trump’s flagship tax document will not offer to lift the cap on state and local tax discounts in an action that is a “great, beautiful law”.

The Senate Finance Committee was established on Monday afternoon to publish a project project that will keep the annual coverage at the state and local levels tax Taxpayers can generally get out of the federal tax payments common “Salt” At the current level, the level of $ 10,000, informed about the offers of two people.

Last month last month, the Congress passed a narrowly and stops a home version of the bill, which lifted the salt cap for $ 40,000. The House offer will have an important tax break for a significant tax break for homeowners, including New York, New Jersey and California, which has the highest property tax rates in the United States.

When informed about the people in the Senate, the Senate bill should be seen as “Earth” to prevent “ground capacity”

“I have been clear from the first day: The salt cover was sufficiently raised to bring enough tax justice to New Yorker,” said Mike Lawler, many of the Republican congressman in the northern York city of New York.

“After dealing with faith, we were able to increase the lid from 10,000 to 40,000 to $ 40,000,” he said. “This is a deal and I will not take a penny. If the Senate reduces the salt number, I will give no votes and fail the law.”

Any adjustment “Big, beautiful bill“The Senate should pass and be sealed by the house by the house before the Trump Legislation signed the law.

Home Speaker Mike Johnson, Trump’s Party House does not allow you to lose more votes than a handful of noise because the razor manages a thin margin.

Elise Stefanik, who contributed to Republican Congress on New York, is the most violent defenders of Trump in Capitol Hill.

“Everyone will have to rise in this 10K number. And this is” Stefanik “Stephenik, X.” called in a position in NY.

The salt cover is divided first for the first time as Trump’s sweeper 2017 tax bill. Many of the Trump’s critics were unnecessarily punished for the residents of the high tax states that voters preferred to the democratic party.

On both sides, deputies, discounts are questionable, they said they received an unnecessary gift to the highest gains.