Speaker Johnson on SALT Tax Deal and Reconciliation Bill Passage

SALT Tax Deal Agreement

• 🤝 Speaker Johnson confirms an agreement has been reached on the SALT tax, capping it at $40,000 over 10 years.
• 🎯 While not everything the SALT caucus desired, it's considered a significant improvement for their constituents.
• 💰 The deal is framed as part of a larger bill that offers substantial benefits to residents of their states.

Reconciliation Bill Progress

• 🗓️ Speaker Johnson plans to bring the reconciliation bill to the floor for a vote, aiming for passage tonight if possible.
• 📝 A manager's amendment is forthcoming, with final details being confirmed after further conversations.
• ✅ The Rules Committee is aware of what to expect regarding the amendment.

Support and Opposition

• 🗣️ While conservatives are not delighted by the SALT change, they understand the necessity for maintaining the majority.
• 🎉 There is excitement and anticipation among members to pass the bill and reach the finish line.
• 😴 Speaker Johnson mentioned sleeping only 45 minutes due to the intensive negotiations.