How Senate Republicans want to change the tax breaks in Trump’s big bill

House and Senate Republicans are advancing differing tax cut proposals, particularly on state and local tax deductions and child tax credits, as they work to finalize a significant tax and spending bill. Key differences include the House’s temporary increase of the child tax credit to $2,500 and a higher SALT deduction cap of $40,000, while the Senate opts for a permanent $2,200 credit and retains the $10,000 SALT cap, with negotiations expected in the coming weeks.

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