House GOP Eyes Higher SALT Cap, Clean-Energy Cuts

House Republicans have proposed raising the state and local tax (SALT) deduction cap from $10,000 to $30,000 for filers earning $400,000 or less, as part of a broader plan to extend Trump-era tax cuts. The proposal is under discussion by the House Ways and Means Committee and responds to pressure from centrist Republicans in high-tax states, but some lawmakers are pushing for even higher caps, such as $62,000 for single filers and $124,000 for joint filers. The plan aims to partially offset its costs by rolling back certain clean-energy tax breaks. The SALT deduction increase is a contentious issue, with many Republicans remaining opposed and negotiations over the final cap and eligibility ongoing. The cap change would primarily benefit higher earners in high-tax states. The final details are expected to be determined before the full committee markup.