Balance of Power SALT ‘Progress’ Cited by Key Republicans
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House Republicans from high-tax states signaled they’re inching closer to a deal on the state and local tax deduction following a Wednesday meeting with Treasury Secretary Scott Bessent.
Young Kim of California and Andrew Garbarino of New York both said they made progress at the meeting but did not divulge details on the negotiations, which are crucial to passing President Donald Trump’s multi-trillion dollar tax and spending bill.
“I’m working diligently so that we have a good product that we can all support,” Kim said after the meeting.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
- National Association of Manufacturers President Jay Timmons.
- Bloomberg Politics Contributor Jeanne Sheehan Zaino and S-3 Group Partner Ashley Davis.
- Bloomberg New York City and State Reporter Laura Nahmias.
- Siena College Research Institute Director Don Levy.
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