Trump Supports State Income Tax Break With Cap, Says Cohn

The transcript discusses the potential expansion of the property deduction cap to include state income tax deductions. It highlights concerns from SALT members in the House and the possibility of expanding the $10,000 deduction to cover income taxes. The White House is supportive if the conference committee agrees. The discussion also touches on the corporate rate and the legislative process, emphasizing the need for a bill that gains support in both the House and Senate.

What is the concern regarding tax increases mentioned in the text?

What role does the White House play in the tax bill process as described in the text?