White House breaks SALT logjam — but still no deal with the Senate

The White House is nearing a deal on the state and local tax deduction, one of the last remaining holdups over President Donald Trump’s megabill, though the Senate has not yet agreed to the “tentative” House compromise.

Republican members of the SALT Caucus have been offered a deal to raise the deduction’s cap to $40,000 for five years, as outlined in the House-passed bill. The cap would then snap back to $10,000, the limit in the Senate’s draft bill.