Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Pricing
Podcast Image

Daily Market Download

Trump Fails to Sway SALT Caucus on Tax Bill

20 May 2025

Description

This CNBC article reports on former President Donald Trump's unsuccessful attempt to persuade a group of Republican representatives, known as the "SALT Caucus," to support a proposed tax bill. These representatives, primarily from states with higher state and local taxes, oppose the bill because it does not sufficiently raise the cap on the State and Local Tax (SALT) deduction. Their continued opposition poses a significant challenge to the bill's passage before the upcoming Memorial Day deadline, despite attempts by Republican leadership to increase the proposed deduction cap. The article highlights the political motivations behind the 2017 cap and the current group's insistence on more substantial relief for their constituents.

Audio
Featured in this Episode

No persons identified in this episode.

Transcription

This episode hasn't been transcribed yet

Help us prioritize this episode for transcription by upvoting it.

0 upvotes
🗳️ Sign in to Upvote

Popular episodes get transcribed faster

Comments

There are no comments yet.

Please log in to write the first comment.