The Beautiful Law Bill is breaking through this week. Previously discussed, because the Republican Party used the budget reconciliation procedure, the Beautiful Law Bill can be passed as long as a consensus is reached within the Republican Party. Within the Senate, fiscal conservatives demand more substantial spending cuts, while moderates are concerned that the bill's restrictions on Medicaid eligibility and cuts to rural hospital funding will harm voters' interests. The real key point is the cap on state and local tax (SALT) deductions: the Senate version maintains the current $10,000 limit, while the House version raises it to $40,000. Yesterday, Senate Republicans were accepting the $40,000 SALT cap, but negotiations are ongoing regarding the $500,000 income threshold for this deduction. The critical time point is to begin a multi-day voting procedure on the bill before Friday. According to this schedule, the House will subsequently need to vote on the legislation, and the bill can be sent to Trump's desk for signature next week, thus meeting the Republican-set July 4th deadline.