Johnson nears last-minute SALT deal with blue state GOP holdouts

Zoom in: Johnson offered the holdouts on Monday an increase for the state and local tax (SALT) deduction cap from $10,000 to $40,000 a year, within income limits.

• The speaker then got an assist from President Trump, who told the holdouts to cut a deal and warned them to stop pushing so hard.
• The agreement that's in final negotiations is a $40k a year cap for people making up to $500,000 a year. The income phaseout would grow 1% a year for 10 years, and then the deduction would become permanent.
• Not all the details have final agreement, but sources said they're making progress and they expect most SALT members to agree to the terms before passage.

The bottom line: That number would keep the GOP within the $350 billion window that it has left for cuts, according to the reconciliation bill instructions.