House Republicans appeared stuck in reconciliation limbo as of Wednesday morning with no changes to the text ready to be unveiled, after an all-night Rules Committee session that was still going strong.
Late Tuesday, GOP leaders appeared to have cemented backing from blue-state Republicans who’d been angling for a more generous cap on state and local tax deductions.
Sources described the tentative deal as upping the proposed $30,000 cap for households making up to $400,000, to a cap of $40,000 for households making up to $500,000. Those thresholds would also grow annually, a feature that wasn’t in the initial package.
