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RE: LeoThread 2025-01-12 05:27

in LeoFinance16 days ago

Part 3/6:

He warned that failing to negotiate on the tax bill could result in the SALT cap expiring entirely, leading to significant tax increases nationwide and the return of the Alternative Minimum Tax (AMT). The congressman is determined to work towards a solution that will benefit constituents and the country as a whole.

Proposed Adjustments to the SALT Cap

Lawler introduced legislation to lift the SALT cap to $100,000 for individuals and $200,000 for married couples. He believes that this adjustment would provide necessary tax relief for many hard-working taxpayers. The congressman noted that negotiations on this proposal would need to occur in good faith among Republican leadership, colleagues, and the President, with an overarching goal of creating a tax bill that works for all Americans.