Senate and Congressional versions of the “big, beautiful bill” that extends the 2017 Tax Cuts & Jobs Act (TCJA) diverge sharply on key provisions. The $10,000 SALT cap — limiting state and local tax deductions — draws the most heated rhetoric. Congressional Republicans from high-tax blue states vow to raise the cap to at least $40,000, and would like to eliminate the cap entirely, returning to the pre-2017 status quo. But the new Senate bill keeps it at $10,000, prompting SALT Caucus member, Rep.