Speaker Mike Johnson (R-La.) and moderate Republicans have zeroed in on an agreement for the state and local tax (SALT) deduction cap, multiple sources told The Hill, solving a critical hang-up

Republicans and House Speaker Mike Johnson have come to an agreement to boost the state and local tax deduction to $40K, indicating that one of the last sticking points for President Donald Trump's massive tax cut bill has been resolved.

Although the deal is not done yet, House Speaker Mike Johnson and a group of GOP lawmakers mostly from the New York suburbs reportedly say they agreed on the basic parameters of a deal for a new