Trump Said to Be Open to Lowering SALT Cap in GOP Tax Bill
President Donald Trump told Senate Republicans he is open to a state and local tax deduction cap lower than the $40,000 in the House-passed version of his giant tax bill, a person familiar with the matter said.
Trump signaled his position in a meeting with Senate Finance Committee Republicans on Wednesday, and the comments added momentum to Senate GOP efforts to enact a lower SALT cap.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNN
11 minutes ago
- CNN
LA protesters and police in standoff as Trump doubles National Guard deployment
Update: Date: 18 min ago Title: Protesters outside US Embassy in Mexico City call for end to immigration raids across the border Content: Protesters in Mexico City staged a demonstration outside the US Embassy on Monday, calling for an end to sweeping immigration raids across the border. Video captured by Reuters showed people waving Mexican and US flags and burning an effigy resembling US President Donald Trump. 'We cannot remain silent as the Trump administration escalates its war on our communities in the United States,' said activist Alejandro Marinero from Migrant Organization Aztlan. 'Immigration policy is not a party issue, but a class issue. It is the tool of a system that seeks to divide us, exploit us and keep us in the shadows to ensure its profits at the expense of our humanity,' he told Reuters. Update: Date: 42 min ago Title: Thousands rally in San Francisco against ICE raids Content: Thousands of people marched through San Francisco's Civic Center and Mission neighborhoods on Monday night in protests that were 'overwhelmingly peaceful,' police said. Demonstrators rallied against Immigration and Customs Enforcement raids across the country and expressed solidarity with immigrant communities, CNN affiliate KGO reported. 'At the very end of the night, two small groups broke off and committed vandalism and other criminal acts,' the San Francisco Police Department said. Police said they detained multiple people who refused to comply with orders, made arrests, and are currently addressing one unresolved situation. 'I'm deeply concerned about what's going on in Los Angeles and all around the country. California, we are better because of our diversity, and for people to be torn away from school graduations, torn away from their children, that's not right. We have to come out here and tell people that's not right,' Holly Minch, who marched with a sign that read 'MELT ICE,' told KGO. The police said they coordinated with public safety agencies under the leadership of San Francisco Mayor Daniel Lurie to 'protect numerous First Amendment actions' in the affected neighborhoods. On Sunday, about 150 people, including some under the age of 18, were arrested near the Immigration Services building. Police said the arrests were made after protesters ignored dispersal orders and engaged in acts of violence and vandalism. Anti-ICE protests have popped up around the country, including in New York, Atlanta, Seattle, Dallas and Louisville. Update: Date: 57 min ago Title: Law enforcement helicopters have been circling above protests, flight tracker shows Content: Helicopters from the LAPD and Los Angeles County Sheriff's Department circled the areas of Boyle Heights and Little Tokyo throughout the day on Monday, according to data from Flightradar24. Earlier in the night, several police helicopters and a plane deployed by the California Highway Patrol were flying over the downtown area. By midnight, only two police helicopters remained airborne. Since protests erupted over the weekend, authorities have maintained a consistent presence in the air, with multiple helicopters sighted above protest zones all day yesterday. Update: Date: 1 hr 23 min ago Title: In pictures: Protesters clash with police in Downtown Los Angeles on Monday Content: Update: Date: 1 hr 23 min ago Title: Who is protesting in LA? Content: The protests appear divided into separate groups: progressive citizens who felt called to defend the rights of the undocumented, and protesters who appeared determined to drag the city into violent chaos. A senior law enforcement source told CNN that intelligence analysts have been conducting assessments on the crowds that gathered Sunday night. They found the many of the protesters were motivated by the recent immigration raids and disdain for the federal government's deployment of National Guard troops in Los Angeles. But some protesters, the intelligence source said, fit law enforcement profiles of so-called 'professional rioters,' who continually seek out confrontation with law enforcement. Defending 'La Raza': Unión del Barrio, an organization whose members are dedicated to defending the rights of 'la raza' — or Mexican and indigenous people — within the US, praised the efforts to fight back against ICE and other agencies. The Los Angeles community has 'the moral authority and universal right to defend our people from kidnappings and family separation,' a spokesman said. Toll on vulnerable communities: After being informed ICE agents were questioning workers at a Pasadena hotel, Pablo Alvarado, the co-executive director of the National Day Laborer Organizing Network, began calling for protests to protect vulnerable immigrant communities throughout the city. 'The Pasadena community showed up in large numbers and the message was loud and clear, we don't want to see your armored vehicles, men in masks coming to our communities to pick people up to rip families apart.' But, Alvarado added, he felt the violence that spread throughout the city in response to the raids was tainting their cause. Read the full story. Update: Date: 1 hr 23 min ago Title: Analysis: LA's crisis rests on what Trump does next Content: Donald Trump is talking and acting like an authoritarian as he escalates a constitutional clash with California over his migration crackdown. Much now depends on whether he's simply talking tough or if he's ready to take an already-tense nation across a fateful line in his zeal for strongman rule. On Monday, the president of the United States — the country seen as the world's top steward of democracy for 80 years — endorsed the arrest of the Democratic governor of the nation's most populous state. 'I think it would be a great thing,' Trump said. Trump's decision to deploy troops despite the opposition of California Gov. Gavin Newsom represented the latest example of his willingness to flex extraordinary executive power and marked a break with a first term when he was often talked out of his extreme impulses by establishment officials. For all Trump's multiple previous challenges to the rule of law and democracy, a grave new chapter may be opening. The trajectory of the crisis could now turn on whether Trump follows through on his dictator's theatrics by crossing lines not approached by modern presidents — notably on the use of troops in a law enforcement capacity. It may also rely on the restraint of protesters, who would play into Trump's hands by taking part in more unrest that creates alarming television pictures that can fuel Trump's dystopian rhetoric. Creating or escalating a law-and-order crisis or threat to public security and then using it to justify the use of the military on domestic soil would mirror the methodology of tyrannical leaders throughout history. Read the full analysis. Update: Date: 1 hr 23 min ago Title: Newsom hasn't done anything to warrant arrest, Trump's border czar says Content: White House border czar Tom Homan joined CNN's Kaitlan Collins to discuss comments President Donald Trump made suggesting Homan arrest California Governor Gavin Newsom.
CNBC
12 minutes ago
- CNBC
Treasury yields slip as U.S.-China trade talks enter Day 2
Treasury yields slipped Tuesday as U.S. and Chinese officials resumed trade negotiations in London for the second day. The 10-year Treasury yield was down almost 3 basis points to 4.456% at 3.30 a.m. ET. The 2-year yield slipped around one basis point to 3.993%. The 30-year yield was lower by 3 basis points to 4.921%. One basis point equals 0.01%. Yields and prices move inversely in the bond market. U.S.-China trade negotiations in London resumed on Tuesday, building on a recent call between U.S. President Donald Trump and Chinese counterpart Xi Jinping. On Monday, Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer had talks with Chinese officials. Both sides have intensified diplomatic efforts following weeks of escalating trade tensions and uncertainty sparked by Trump's broad import tariffs on China and other key trading partners in April. "While we await any concrete news, it's worth remembering that markets have been used to a lot of back-and-forth in recent weeks," Deutsche Bank's analysts said, in reference to how U.S. tariffs slapped on China went all the way up to 145%, before being slashed to 30%, among other instances of policy reversals. "There've been several twists and turns already, and markets are getting fairly used to this uncertainty by now," wrote in a note published Tuesday. Deflation in China is also putting pressure on the Chinese government to negotiate a trade deal with Trump that benefits both countries, said Ed Yardeni, president of Yardeni Research. China's consumer prices fell for a fourth consecutive month in May, with the CPI falling 0.1% from a year earlier, data from the National Bureau of Statistics showed on Monday.
Yahoo
12 minutes ago
- Yahoo
Bill to amend medically assisted suicide law draws emotional debate from Maine lawmakers
Jun. 9—AUGUSTA — A proposal to allow doctors to waive the waiting period for terminally ill patients who want to be given life-ending drugs drew an emotional debate from lawmakers in the Maine Senate Monday before it was rejected by one vote. The fate of the bill is unclear after the Senate voted the proposal down 18-17. It passed 74-64 in the House of Representatives last week and faces another round of votes in each chamber before it could be sent to Gov. Janet Mills for her signature. The bill would amend a 2019 law known as the Death with Dignity Act, which legalized physician-assisted suicide in Maine. It allows certain terminally ill patients to have the option to receive life-ending medication so they have control over their death. Maine's law currently requires a 17-day waiting period from when a person requests the medication to when they can receive the prescription. The change under consideration, LD 613, would allow a doctor to waive all or a portion of the waiting period if they determine it would be in the patient's best interest. Mills supported the original Death with Dignity Act, but it's unclear if she would support the change. Spokespeople for the governor did not respond Monday to questions about whether she has taken a position on the bill. The proposal allowing for the waiting period to be waived drew emotional debate from lawmakers who spoke about how they've personally been affected by illness and death. "This is not an abstract issue for me," said Rep. Kathy Javner, R-Chester, who has metastatic breast cancer, during last week's House debate. "I am living this reality and stand before you today, not in despair, but in hope that we can preserve the dignity and meaning of life, even in the shadow of death." Javner, who was against the change, said removing the waiting period would take away the time that families and physicians currently have to reflect and consider alternative options. "Let us not respond to suffering with surrender," Javner said. "Let us respond with compassion, with presence, with resources for pain management, with palliative care, with love." Senate Minority Leader Trey Stewart, R-Presque Isle, talked about his mother, who died at age 50 from colorectal cancer, during Monday's Senate debate. Stewart said his mother "broke out" of hospice care in order to be at home with her family at the end of her life. "I will always be grateful for that extra month we got," Stewart said. "I worry about the scenarios about what if they don't get it right and what opportunities are we forestalling through this," he added. "This was the promise that was made originally with this policy, that there wouldn't be that knee-jerk opportunity because of this protection." Maine is among 10 states and Washington, D.C., where physician-assisted suicide is legal for people with terminal illnesses, according to Death With Dignity, an organization in Portland, Oregon, that advocates for the laws as a means of improving how people with such diagnoses die. Waiting periods for medication vary state to state and can range from one day to more than two weeks, according to Death With Dignity. Some states do allow waiting periods to be waived if the patient is unlikely to survive. Maine's Death with Dignity Act has been used by 218 people since it was enacted, according to Michele Meyer, D-Eliot, the sponsor of LD 613. But another nine people have died during the waiting period because their illnesses progressed too rapidly, Meyer said last week. She said the bill does not change the law's criteria that the patient be terminally ill with a six-month prognosis confirmed by two doctors and that they have the capacity to make informed decisions. "This is simple and straight forward," Meyer said. "It corrects a rare situation that never should have existed in the first place. Some of us will not know the gift of a long, healthy life. ... Medical aid in dying offers decisionally capable adults an option to avoid prolonged suffering." In the Senate Monday, Sen. Tim Nangle, D-Windham, talked about his father's lung cancer and the pain he suffered. Nangle said he didn't know if his father, who lived in another state, would have used the Death with Dignity Act, but he said the option for the time waiver should be there. "This is about their choice," Nangle said. "What do they want to do?" Copy the Story Link
