Trump's economic blueprint is about to have its final obstacles cleared! The SALT limit is proposed to be raised to $40,000, continuing the 2017 tax cut law.

date
22/05/2025
According to the Securities Times app, US House Speaker Mike Johnson stated that Republicans have reached a consensus agreement to increase the cap on state and local tax (SALT) deductions to $40,000. This means that one of the final issues obstructing President Donald Trump's ambitious economic agenda is about to be completely resolved.