
Sign up to save your podcasts
Or


Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
President Donald Trump is growing frustrated with demands to significantly boost the cap on the state and local tax deduction, according to a senior administration official, signaling a deadlock as Republicans aim to quickly pass a giant tax-cut bill.
Trump told lawmakers in a meeting on Tuesday not to let the SALT deduction or differences over social safety-net cuts impede the bill. But afterwards members of warring factions told reporters they were still dug in in opposing the bill unless their changes are made.
Trump urged Republicans from New York and other high-tax states to wait to try to raise the SALT limit further until after Congress is done with the tax legislation, the official said, a proposal that is likely to draw backlash from SALT lawmakers who see the president’s “one big, beautiful bill” as their sole shot to address a political priority that dates back to 2017.
Trump is also losing patience with a faction of conservative hardliners pushing for deeper cuts to Medicaid health coverage for the poor and disabled, the official said. The president implored Republicans to stick together and pass the bill the official said, adding that Trump expects every Republican to vote for the bill on the floor.
Trump told lawmakers in a closed-door meeting on Tuesday he wants to keep the SALT deduction limit at $30,000, the level in the draft legislation. That’s three times the current $10,000 cap.
In that meeting, Trump singled out the lawmakers from New York, New Jersey and California who have rejected the $30,000 deduction limit, saying it is insufficient to win their votes.
See omnystudio.com/listener for privacy information.
By Bloomberg4.6
3131 ratings
Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
President Donald Trump is growing frustrated with demands to significantly boost the cap on the state and local tax deduction, according to a senior administration official, signaling a deadlock as Republicans aim to quickly pass a giant tax-cut bill.
Trump told lawmakers in a meeting on Tuesday not to let the SALT deduction or differences over social safety-net cuts impede the bill. But afterwards members of warring factions told reporters they were still dug in in opposing the bill unless their changes are made.
Trump urged Republicans from New York and other high-tax states to wait to try to raise the SALT limit further until after Congress is done with the tax legislation, the official said, a proposal that is likely to draw backlash from SALT lawmakers who see the president’s “one big, beautiful bill” as their sole shot to address a political priority that dates back to 2017.
Trump is also losing patience with a faction of conservative hardliners pushing for deeper cuts to Medicaid health coverage for the poor and disabled, the official said. The president implored Republicans to stick together and pass the bill the official said, adding that Trump expects every Republican to vote for the bill on the floor.
Trump told lawmakers in a closed-door meeting on Tuesday he wants to keep the SALT deduction limit at $30,000, the level in the draft legislation. That’s three times the current $10,000 cap.
In that meeting, Trump singled out the lawmakers from New York, New Jersey and California who have rejected the $30,000 deduction limit, saying it is insufficient to win their votes.
See omnystudio.com/listener for privacy information.

403 Listeners

1,180 Listeners

2,171 Listeners

1,917 Listeners

377 Listeners

439 Listeners

355 Listeners

968 Listeners

194 Listeners

70 Listeners

30 Listeners

61 Listeners

4 Listeners

157 Listeners

58 Listeners

232 Listeners

227 Listeners

60 Listeners

75 Listeners

57 Listeners

147 Listeners

81 Listeners

390 Listeners

21 Listeners

12 Listeners

7 Listeners

2 Listeners

74 Listeners