WASHINGTON — President Donald Trump distanced himself from his full-throated campaign pledge of "restoring the SALT deduction," as he pressed New York Republicans Tuesday to vote for a sweeping budget bill despite their objections that the proposed deduction cap offers little relief.

House Speaker Mike Johnson offered GOP holdouts a detailed proposal on Monday to set the SALT deduction cap at $40,000 for anyone who makes less than $751,600 a year. Why it matters: But Johnson (R-La.

House Speaker Mike Johnson (R-La.) said Tuesday evening that GOP leaders are on track to vote on President Trump’s domestic agenda before Friday. Johnson has been in countless conversations with the two groups of lawmakers who,

President Donald Trump is growing frustrated with demands to significantly boost the cap on the state and local tax deduction, according to a senior administration official, signaling a deadlock as Republicans aim to quickly pass a giant tax-cut bill.

President Donald Trump on Tuesday pushed back on demands from Republicans who have threatened to sink his giant tax bill if the legislation does not significantly boost the state and local tax deduction,

A late-night meeting between Speaker Mike Johnson (R-La.) and moderate Republicans fighting for an obscure tax break ended with no deal on Monday, prolonging the fight over an issue that’s emerged

WASHINGTON—President Trump turned the screws on holdout Republicans, warning they would pay a steep political price if they stood in the way of the multitrillion-dollar tax and spending agenda that party leaders want to quickly pass through the narrowly divided chamber.

That adds up to a busy day ahead for Speaker Mike Johnson. He already has White House aides James Blair and James Braid planted in his office, ready for members to shuttle in and out through the afternoon and beyond. Hard-right Reps. Andy Harris and Chip Roy just walked in a moment ago.

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  SALT cheat sheet: Key hurdle to Trump’s tax plan

The state and local tax deduction is a bad policy, and the blue-state Republicans don’t have as much leverage as they think.

A little-known provision that allows rich residents of high-tax states to lower their federal tax bill has become one of the biggest sticking points in negotiations over Republicans' massive spending plan.