Trump Considers Raising SALT Write-Off Limit

The transcript discusses the upcoming 2025 tax debate, dubbed 'Taxapalooza', highlighting the narrow voting margins in Congress due to some Republicans joining the Trump administration. It also covers French Hill's victory in securing the gavel, his strategic presentation, and the implications for Wall Street. The competition for the gavel included four contenders, with Andy Barr initially seen as a frontrunner due to his backing by Steve Scalise and strong fundraising. However, French Hill's close ties with incoming Trump officials and his strong presentation led to his win, which is well-received by the industry.

Discuss the implications of the narrow margins mentioned in the debate.

What role do lobbyists play in the context of the Republican conference and Wall Street?