Treasury Sec. Bessent: 'Very good chance' tax bill makes it to president's desk by July 4

Key Concepts:

• Tentative deal on State and Local Tax (SALT) deduction
• Senate vote starting this weekend
• President Trump's leadership
• Speaker Johnson's role
• Goal of bill signing by July 4th

SALT Deduction Deal and Remaining Issues:

The Republicans have reportedly reached a tentative agreement concerning the State and Local Tax (SALT) deduction. This had been a significant obstacle in moving forward with the bill. Emily Wilkins is reporting that there are still a few other key topics that need to be resolved.

Timeline and Senate Action:

There is a "very good chance" of getting the bill to the President's desk by July 4th. The key to achieving this timeline is for the Senate to begin voting this weekend. The speaker was just with Senate Republicans and anticipates voting will commence tomorrow.

Potential Roadblocks and Optimism:

While "nothing's done until it's done," there is optimism that the bill can be signed by July 4th. President Trump's leadership is credited with bringing the bill to this point, despite initial doubts about its feasibility. Leader Thun and Speaker Johnson are also recognized for their roles in maintaining unity within small majorities and advancing the bill.

Leadership Roles:

President Trump's leadership is highlighted as crucial in reaching this stage. Speaker Johnson is also commended for his role in keeping small majorities together and moving the bill forward.

Conclusion:

Despite remaining hurdles, there is a strong sense of optimism that the bill can be finalized and signed into law by July 4th. The tentative agreement on the SALT deduction, coupled with the anticipated Senate vote and the leadership of President Trump and Speaker Johnson, are key factors driving this positive outlook.