NY Republicans Reject SALT Cap Compromise | JQJO

Four New York Republican representatives issued a statement rejecting a proposed $30,000 cap on SALT deductions, deeming it insufficient. This opposition jeopardizes the GOP's plans to advance a tax bill including SALT reform. The representatives, including those considering gubernatorial runs, argue the cap is unfair to high-tax states like New York. House Speaker Mike Johnson acknowledged ongoing discussions but hasn't confirmed the $30,000 figure, while other Republicans remain optimistic about reaching a compromise.