Hello and welcome to today’s Quickcast. The big battle in Congress this week isn’t over a new program or foreign policy—it’s a $10,000 cap on the SALT deduction, the state and local tax write-off capped by the 2017 tax law. House Republicans unveiled a $3.8 trillion proposal to extend former President Trump’s tax cuts, but a bloc of GOP lawmakers—mostly from New York, New Jersey and California—refuse to vote yes unless that cap is raised or repealed. As one Republican put it, “It’s a question of double taxation and fairness. Folks should not be penalized because they live in a high-tax state.” On Long Island, voters remember when you “take money out of their pockets,” and polling showed 72 percent favor restoring SALT deductions. Even within the GOP, members like Nicole Malliotakis and Mike Lawler argued over whether to raise the cap to $30,000 or fully abolish it. With only three votes to spare, Speaker Mike Johnson faces a tricky weekend of negotiations. That’s your one-minute update—thanks for listening.
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