Johnson pressures Senate Republicans to keep SALT cap

House Speaker Mike Johnson is urging Senate Republicans to keep the state and local tax deduction (SALT) cap at $40,000, resisting potential changes. Johnson is concerned about preserving the deal he made with House members, particularly those from high-tax states, to increase the SALT cap. This follows President Trump's openness to a lower cap. The House and Senate are negotiating the tax bill, aiming for a July 4th deadline. Some senators want to reduce the bill's cost, while others seek changes to Medicaid and green energy credits.