Billy House
ReporterBilly House is a reporter with Bloomberg.
Billy House is a reporter with Bloomberg.
House Republicans are struggling to resolve issues with President Trump's multitrillion-dollar tax package, including the SALT deduction.
The committee also proposes limiting states' ability to pay their share of Medicaid by placing a moratorium on new or increased taxes on medical providers.
The debate over state and local tax deductions has been a thorny fight because it's a political priority for a small but vocal group of Republicans.
The state and local tax issue has been one of the most contentious for the House GOP to resolve.
The legislative push for the massive tax package will begin in earnest next week as key House committees consider the legislation despite lingering divisions.
Key House Republicans discussed ways to direct an expanded state and local tax deduction to those making less than $400,000.
Republican lawmakers pushing for the expansion of the state and local tax deduction are slated to meet with House Speaker Mike Johnson about the $10,000 cap.
Federal employee pension benefits are set to be pared back in Republicans' giant tax and spending package working its way through the House.
President Trump' and congressional leaders successfully corralled House Republican lawmakers to approve a Senate-passed budget outline.
Ultra-conservatives in the House are threatening to block a budget blueprint to kickstart tax cut negotiations, potentially delaying passage of Trump's economic plan.