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Smith’s tax proposal included a SALT cap of $30,000 limited to people making up to $400,000 per year, which the blue-state Republicans immediately rejected.

SALT holdouts to huddle with Johnson

We’re underway in the House Ways and Means and Energy and Commerce committees' markups for the reconciliation bill. The Agriculture Committee kicks off in a couple of hours.

More on all this in a minute. But there’s some very important action happening behind the scenes.

Speaker Mike Johnson will meet this evening with Republican members of the SALT Caucus. Notably, the meeting won’t involve House Ways and Means Committee Chair Jason Smith (R-Mo.), who will be in his markup.

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