Senators have been meeting all week in an attempt to find common ground on a reconciliation package that will implement much of President Trump’s domestic policy agenda. It is still very unclear what the Senate’s reconciliation bill will look like. Punch news reports that Senate Republicans are looking to rewrite two of the hardest-fought provisions in the House’s bill. Senate Finance Committee Chair Mike Crapo (R-Idaho) told GOP senators Wednesday that he plans to scale back the House’s deal raising the cap on the amount of state and local taxes (SALT) that can be deducted and to rework the House repeal of clean energy tax credits from the Inflation Reduction Act (IRA). Once completed, the Senate bill must go back to the House for its adoption. Having passed its version of the legislation on a 215-214 vote, House Speaker Mike Johnson has little wiggle room in his quest to get the reconciliation bill done by July 4.
View More