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Senate Republican tax bill passes ‘SALT’ deduction cap of $40,000

Pelican Press

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Senate Majority Leader John Thune (R-SD) speaks during a news conference following the weekly Senate Republican policy luncheon at the U.S. Capitol on June 17, 2025 in Washington. Anna Moneymaker | Getty Images News | Getty Images Senate Republicans on Tuesday passed changes to the federal deduction for state and local taxes, known as SALT, as part of President Donald Trump’s multi-trillion…

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