#Latest news with #HouseWaysMeansBloomberg06-05-2025BusinessBloombergSALT Republicans Have to Accept ‘Unhappy' Deal, GOP Chair WarnsThe chairman of the House tax committee warned lawmakers from high-tax states demanding relief from a $10,000 cap on the state and local deduction that they will have to settle for an 'unhappy' compromise. House Ways and Means Committee Chairman Jason Smith said Tuesday in a Bloomberg Television interview that he will strike a balance between those who want no limit on the SALT deduction and those who want no write-off at all.
Bloomberg06-05-2025BusinessBloombergSALT Republicans Have to Accept ‘Unhappy' Deal, GOP Chair WarnsThe chairman of the House tax committee warned lawmakers from high-tax states demanding relief from a $10,000 cap on the state and local deduction that they will have to settle for an 'unhappy' compromise. House Ways and Means Committee Chairman Jason Smith said Tuesday in a Bloomberg Television interview that he will strike a balance between those who want no limit on the SALT deduction and those who want no write-off at all.
06-05-2025
