House SALT Deal Will Have to Change, Senate Leader Says (1)

June 4, 2025, 1:09 PM UTC

Senate Majority Leader John Thune believes the deal that led the US House to increase the maximum deduction for state and local taxes to $40,000 will have to be changed in his chamber, according to his office.

The Senate has begun deliberations over President Donald Trump’s massive “Big Beautiful Bill” that narrowly passed the House on May 22, with several Republican senators expressing concerns over its cost as well as cuts to Medicaid and clean energy tax credits.

Ryan Wrasse, a Thune spokesman, did not provide details about how, exactly, the deal might be revised.

Senate Majority Leader John Thune at the US Capitol in Washington on June 3.
Photographer: Eric Lee/Bloomberg

Republican ...

Learn more about Bloomberg Tax or Log In to keep reading:

See Breaking News in Context

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools and resources.