White House Says It Would Veto Democratic Bill To Overturn SALT Cap

The transcript discusses a bill aimed at temporarily removing the $10,000 cap on state and local tax deductions, known as the SALT cap, which was part of the 2017 GOP tax reform. The House is expected to vote on the bill, which would repeal the cap for two years. Critics argue that the cap negatively affects residents in high-tax states like California, New York, New Jersey, and Texas. However, the Office of Management and Budget warns that removing the cap could lead to federal taxpayers subsidizing tax breaks for the wealthy and encourage excessive spending by fiscally irresponsible states. While the White House threatens a veto, the bill may not pass the Senate.

What stance does the White House take regarding the bill?

What is expected to happen to the bill in the Senate according to the text?