The "one big, beautiful bill" includes a new tax break for coastal elites. It's a deduction for up to $40,000 of state and local taxes.

New York's political leaders are trading barbs over a provision in President Donald Trump's "big, beautiful" budget bill that increases the SALT deduction, with Republicans praising the move as a tax cut and Democrats blasting them for not lifting the tax exemption.

Rep. Mike Lawler backed legislation that would quadruple the SALT deduction on federal taxes from $10,000 to $40,000.

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One big debate over the bill was for SALT, or State and Local Tax, deductions. SALT currently lets people deduct $10,000 from their taxes if they itemize when they file. The version passed by the House increases that deduction limit to $40,000.

House lawmakers debated the contours of President Donald Trump’s tax cuts throughout the night as they race to meet a self-imposed deadline to approve the legislation by Thursday.

The House narrowly passed Trump’s tax plan by one vote, exposing GOP rifts over the contentious SALT deduction cap, especially among lawmakers from high-tax states.

Johnson and his GOP leadership team appeared confident they would be able to stick to their schedule and shore up GOP support for final passage late Wednesday or Thursday.