Speaker Mike Johnson is trying to strike a delicate balance between blue-state Republicans and conservative hard-liners on a sprawling bill for Trump's agenda.

Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the country and a high-income tax rate layered on top, New York residents are disproportionately affected by the current $10,000 cap on state and local tax deductions.

House Republicans’ release of the tax provisions in their massive fiscal bill provides a crucial initial reading of what party leaders think could pass, culminating weeks of intense negotiations among fractious GOP lawmakers.

The House Ways and Means Committee voted 26-19 to approve the tax part of the legislation after a marathon markup meeting that lasted more than 17 hours.

GOP lawmakers pushed a sweeping bill forward in a rare Sunday vote after cutting a backroom deal with far-right Republicans to fast-track deeper Medicaid cuts and slash food aid—while offering permanent tax cuts for the wealthy and corporations.

The Republican tax plan would raise the $10,000 cap for the state and local property tax deduction to $30,000 for families making up to $400,000.

They now want to raise tax rates everywhere to help Albany spenders.

Jake Sherman, Punchbowl News co-founder, joins 'Squawk Box' to discuss the latest on the House GOP budget reconciliation bill, why he believes House Republican conference is in the midst of a low-grade rebellion,

Five Republicans voted against advancing the massive reconciliation measure out of the House Budget Committee, sending it to a 21-16 defeat.

WASHINGTON — Long Island House Republicans are doubling down on their demand that the massive budget bill backed by President Donald Trump include an increase to the existing $10,000 cap on state and local tax deductions. They are vowing to block the measure unless more relief emerges from ongoing negotiations.