
Johnson Says Trump Tax Bill Vote May Slip Despite SALT Progress
By
Updated on
Save
House Speaker Mike Johnson said the timeline for passing President Donald Trump's tax bill by Independence Day may slip, even as he and Treasury Secretary Scott Bessent said they believed they could soon unlock a compromise over the state and local tax deduction.
'It's possible,' Johnson told reporters Friday about missing Trump's July 4 deadline to sign the bill. 'I don't want to even accept that as an option right now. We want to try to push this through.'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Washington Post
26 minutes ago
- Washington Post
Environmentalists sue to stop opening of ‘Alligator Alcatraz' in Everglades
Two environmental groups on Friday sued to halt the construction of an immigrant detention center in the middle of the Everglades, arguing the state had ignored required ecological reviews. Florida officials have said that they plan to open the facility, nicknamed 'Alligator Alcatraz' by Republicans, as early next week and that it would hold up to 3,000 detainees.


Bloomberg
26 minutes ago
- Bloomberg
GE Vernova Is Exploring a Sale of Its Proficy Software Business
GE Vernova Inc. is exploring a potential sale of its industrial software business known as Proficy, according to people familiar with the matter. The company is working with financial advisers on the divestiture, the people said, asking not to be identified because the information is private.

Wall Street Journal
26 minutes ago
- Wall Street Journal
Bessent: Some Trading Partners Could Get July 9 Extension on Tariffs
Some major U.S. trading partners may be given extensions on the July 9 deadline before the Trump administration imposes its steep, so-called reciprocal tariffs, Treasury Secretary Scott Bessent said Friday. Others could see their tariffs increase on or around that day, he said. 'There will be a group of deals that we will land before July 9—on or about [that date],' Bessent said on CNBC. 'And then there are probably another 20 countries that could go back to the reciprocal tariff of April 2 as we work on the deal, or if we think they are negotiating in good faith, they could stay at the 10% baseline." Additionally, other 'smaller trading partners,' Bessent said, will simply receive letters outlining the level of tariffs that they will pay.