Group 1 - The Speaker of the House, Mike Johnson, is working to maintain the $40,000 state and local tax (SALT) deduction cap in the tax reform bill currently under Senate review [1] - Republican senators are proposing to tighten the SALT cap during discussions with President Trump regarding the large-scale tax reform plan [1] - Johnson emphasized the importance of the SALT provision for ensuring the bill's passage in the House during the final vote this summer, given the internal divisions within the Republican majority [1] Group 2 - Johnson remains optimistic about the tax reform bill passing before July 4, despite policy disagreements with the Senate and opposition from billionaire allies like Elon Musk [2] - The Senate plans to raise the U.S. debt ceiling by $5 trillion, which has led to opposition from Senator Rand Paul and demands from three conservative senators for larger spending cuts [2] - Johnson assured that the plan will proceed as scheduled [2]