{"id":2367055,"date":"2024-11-11T04:03:01","date_gmt":"2024-11-11T09:03:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/slim-republican-house-majority-could-be-gift-to-salt-caucus-washington-examiner\/"},"modified":"2024-11-11T04:03:47","modified_gmt":"2024-11-11T09:03:47","slug":"slim-republican-house-majority-could-be-gift-to-salt-caucus-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/slim-republican-house-majority-could-be-gift-to-salt-caucus-washington-examiner\/","title":{"rendered":"Slim Republican House majority could be gift to SALT caucus &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fslim-republican-house-majority-could-be-gift-to-salt-caucus-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2367055&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The article discusses the potential implications of a slim Republican majority in the \u200dU.S.\u2064 House of \u200bRepresentatives for lawmakers \u2064advocating to\u200c raise or\u2064 eliminate the \u200cfederal \u200dcap \u2063on state and local \u2063tax (SALT) deductions, originally set at $10,000\u200c by Trump\u2019s 2017 Tax Cuts and Jobs Act. Some Republicans from high-tax\u2063 states like New \u200bYork and California \u200care pushing\u200d for adjustments to this cap. While opposition exists within\u200b the broader \u2063Republican party, \u200bthe \u2064reduced majority could empower pro-SALT\u2062 GOP members to negotiate concessions. The support\u200c of\u200c President-elect Trump for expanding SALT \u200ddeductions \u2063may also \u2063provide political cover for these lawmakers. \u2063Despite\u200b challenges, such\u200d as the high costs and general reticence of Republicans to remove the cap altogether, it is\u200b suggested \u200dthat\u200c there may be movement to increase the cap rather than repeal it entirely. Critics argue that \u2062SALT\u200c deductions \u2063disproportionately\u200d benefit wealthy households, <a href=\"https:\/\/amzn.to\/3YuVZYV\">complicating discussions surrounding \u2062potential reforms<\/a>.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Slim Republican House majority could be gift to SALT caucus<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1874225\" class=\"tpd-featured-video bridtv\"><\/div>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/tag\/house-republicans\/\" target=\"_blank\" rel=\"noopener\" title=\"\">House Republicans<\/a> appear likely to win a very slim majority in the <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/house\/\" target=\"_blank\" rel=\"noopener\" title=\"\">House<\/a>, which could prove helpful to the handful of GOP lawmakers pushing to expand federal deductions for state and local&nbsp;<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/taxes\/\" target=\"_blank\" rel=\"noreferrer noopener\">taxes<\/a>&nbsp;paid.<\/p>\n<div class=\"article-paywall\">\n<p>Trump&rsquo;s 2017&nbsp;<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/tax-cuts-and-jobs-act\" target=\"_blank\" rel=\"noreferrer noopener\">Tax Cuts and Jobs Act<\/a>&nbsp;included a $10,000 cap on SALT deductions, and <span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\"><a href=\"https:\/\/www.washingtonexaminer.com\/news\/2443416\/salt-deduction-back-in-focus-as-new-york-republicans-flex-muscles-in-speaker-debate\/\" target=\"_blank\" rel=\"noopener\">lawmakers<\/a>&nbsp;in high-tax jurisdictions such as New York and Califo<\/span>rnia have been adamant about raising or eliminating that cap.<\/p>\n<p>Republicans have so far ignored the entreaties from blue-state Democrats to raise the cap on SALT deductions. But with a small Republican majority, the small group of pro-SALT GOP lawmakers might be able to vote as a bloc and exact concessions on the cap.<\/p>\n<p>What&rsquo;s more, while most rank-and-file Republicans oppose SALT, President-elect Donald Trump now <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3157292\/trump-restore-salt-deduction-major-fiscal-reversal\/\" target=\"_blank\" rel=\"noopener\" title=\"\">says he supports expanding<\/a> the SALT cap, a reversal of his own policies and a source of political cover for Republicans who might not have been open to budging on the matter.<\/p>\n<p>Garrett Watson, a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-education-lesson-from-covid-lockdowns-school-choice-is-imperative-for-every-child\/\" title=\"The Education Lesson from COVID Lockdowns: School Choice Is Imperative for Every Child\">senior policy analyst<\/a> at the Tax Foundation, told the <em>Washington Examiner<\/em> that if there is a small Republican margin in the House, it&rsquo;s going to empower SALT-sensitive members &ldquo;to make that a leverage point going into next year.&rdquo;<\/p>\n<p>&ldquo;Especially with President-elect Trump saying that he wants to potentially provide that SALT relief or let the cap expire,&rdquo; Watson added.<\/p>\n<p>Despite the performance of Republicans more generally, one member of the SALT caucus, Rep. Marc Molinaro (R-NY), lost his race in a tight election. Molinaro told the <em>Washington Examiner<\/em> on Friday that his Republican allies in the House, empowered by Trump&rsquo;s blessing, now hold &ldquo;enormous weight&rdquo; in securing changes to the SALT cap.<\/p>\n<p>&ldquo;With President Trump&rsquo;s commitment to restoring the SALT deduction and slim majorities in both houses, the SALT caucus &mdash; New York and New Jersey Republicans especially &mdash; hold enormous weight in lifting the cap and delivering meaningful tax relief,&rdquo; he said.<\/p>\n<p>Trump first endorsed changes to the SALT cap in September.<\/p>\n<p>&ldquo;Hundreds of thousands of Migrants, Crime at record levels, Terrorists pouring in, Inflation eating your hearts out &mdash; WHAT THE HELL DO YOU HAVE TO LOSE? VOTE FOR TRUMP! I will turn it around, get SALT back, lower your Taxes, and so much more,&rdquo; Trump said in a post on his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-new-acting-attorney-general-jeff-rosen-recently-wrote-an-essay-on-foreign-influence-in-us-elections-this-tells-us-a-little-about-his-knowledge-of-whats-going-on-today\/\" title=\"The New Acting Attorney General Jeff Rosen Recently Wrote an Essay on Foreign Influence in US Elections \u2013 This Tells Us A Little About His Knowledge of What\u2019s Going On Today\">social media platform<\/a>, Truth Social.<\/p>\n<p>Kyle Pomerleau, a senior fellow at the conservative American Enterprise Institute, pointed out that, historically speaking, it is much easier for factions in the House to wield power when a party holds only tenuous control of the chamber.<\/p>\n<p>&ldquo;When the majority is large, individual coalitions or caucuses within the Republican Party have very little power,&rdquo; he told the <em>Washington Examiner<\/em>. &ldquo;But when the majority is much smaller, any given coalition has the ability to gum up the works if they want if their issue is not being addressed.&rdquo;<\/p>\n<p>While there could be changes to the SALT cap, perhaps doubling it, repealing the SALT cap would be very expensive and politically difficult.<\/p>\n<p>&ldquo;I&rsquo;d expect the cap to go up. I do not expect it to go away entirely,&rdquo; Pomerleau said. &ldquo;There may be Republicans that want the cap to be eliminated, but there are two things working against that.&rdquo;<\/p>\n<p>First, the overwhelming majority of the Republicans in Congress do not want the cap &mdash; which is set to expire next year &mdash; to be removed. Many voted to add it to the 2017 Trump tax cuts legislation.<\/p>\n<p>And secondly, eliminating the cap would be very costly and only add to the deficit. Nonpartisan budget experts who have modeled Trump&rsquo;s economic plans contend that his agenda will dig the U.S. deeper into its fiscal hole, although completely axing the SALT cap would just make the situation worse.<\/p>\n<p>According to the Tax Foundation, allowing the SALT cap to expire would <a href=\"https:\/\/www.crfb.org\/blogs\/salt-cap-expiration-could-be-costly-mistake\" target=\"_blank\" rel=\"noopener\" title=\"\">cost<\/a> the government $1.2 trillion over the next decade &mdash; an enormous and politically unpalatable cost.<\/p>\n<p>Both Republican and Democratic critics also see SALT deductions as disproportionately benefiting the wealthy. A study from the Tax Policy Center found that only about 9% of households would benefit from a full repeal of the cap. Additionally, TPC found that the highest-income 20% of households would receive more than 96% of the tax cut.<\/p>\n<p>So any changes are likely to be more muted.<\/p>\n<p>Stephen Moore, a Heritage Foundation economist and informal adviser to Trump, recently told the <em>Washington Examiner<\/em> that he thinks SALT proponents could score some changes to the cap but doubts there would be a wholesale repeal. More noted that he hasn&rsquo;t personally spoken to Trump about the SALT cap issue, though.<\/p>\n<p>&ldquo;I&rsquo;m just picking out a number, let&rsquo;s say you raised it to 20%, so that would provide really for middle-class people who have been hit by the elimination of the SALT deduction,&rdquo; Moore said. &ldquo;But millionaires and billionaires living in Long Island or Manhattan, they effectively still lose the SALT deduction because the exempted amount is so small relative to their income that it doesn&rsquo;t matter.&rdquo;<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/strong>&nbsp;<\/p>\n<p>Watson pointed out that if Republicans were on track to win a bigger majority, say, 30 seats, then the SALT caucus would have little power at all coming into the new Congress. They could have been easily sidelined by SALT critics, some of whom want not only to make the SALT cap permanent but also to lower it further or eliminate SALT deductions entirely.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1874225\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1874225\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A narrow Republican majority may benefit the SALT caucus<\/p>\n","protected":false},"author":3360,"featured_media":2367056,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/11\/salt-cap-republicans.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[11441,32735,32504,3756,38341],"class_list":["post-2367055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-salt","tag-house-majority","tag-political-strategy","tag-republicans","tag-tax-policy"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/11\/salt-cap-republicans.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2367055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3360"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2367055"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2367055\/revisions"}],"predecessor-version":[{"id":2367059,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2367055\/revisions\/2367059"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2367056"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2367055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2367055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2367055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}