Congressional Republicans remain at an impasse amid a couple of sticking points in their quest to pass their reconciliation bill, consisting of major items to implement President Donald Trump’s agenda.
“There’s still some minutia that needs to be worked out, but we’re going to have, I think, the SALT and the Medicaid, [the] two parts [that] are the most debatable,” Rep. Rich McCormick (R-Ga.) told reporters on Thursday. “But I think we’re getting close, and I think it’s really encouraging.”
SALT stands for state and local taxes. The SALT deduction allows taxpayers who itemize on their federal tax return to deduct from their federal taxes state and local taxes they paid. The current SALT deduction of $10,000 per household is set to expire after this year....
