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Economic news
21.05.2025

U.S. House speaker Johnson confirms agreement reached on $40,000 SALT cap raise

In a CNN interview, U.S. House speaker Mike Johnson confirmed that an agreement had been reached to raise the state and local tax (SALT) deduction in the large reconciliation bill to $40,000 (from $10,000 in the current law) compared to $30,000 in the original text of the bill. 

He also added that the final vote on the bill is expected this week, possibly tonight.


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