Trump, SALT and Tax
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Michael Dowling, CEO of Northwell Health, stands with Reps. Tom Suozzi (D-Glen Cove) and Laura Gillen (D-Rockville Centre) as they address the potentially harmful consequences of cuts to Medicaid, SNAP, and other safety-net programs in the recent House-passed budget reconciliation bill on Wednesday in Levittown. Credit: Newsday/Howard Schnapp
If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out over $500,000.
President Donald Trump is growing frustrated with demands to significantly boost the cap on the state and local tax deduction, according to a senior administration official, signaling a deadlock as Republicans aim to quickly pass a giant tax-cut bill.
New York City-area Republican members of Congress were able to include a huge increase in property tax deductions in the so-called "big, beautiful bill" passed on Thursday.
The bill is expected to undergo more changes when it goes to the Senate for final passage. FOX 5 NY's Morgan McKay has more.