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SALT, Trump and Tax Bill

Bloomberg on MSN · 3d

Trump Said to Be Open to Lowering SALT Cap in GOP Tax Bill

President Donald Trump told Senate Republicans he is open to a state and local tax deduction cap lower than the $40,000 in the House-passed version of his giant tax bill, a person familiar with the matter said.

Fox Business on MSN · 10d

Here are the changes to the SALT tax deduction in the 'big, beautiful bill'

Baked into House Republicans’ sweeping tax package is an increase to the federal deduction for state and local taxes, a change that top earners will likely benefit the most from. Republicans in the lower chamber advanced their version of President Donald Trump’s "big,

USA TODAY on MSN · 3d

Senate Republicans plan to amend SALT tax deduction in Trump's sweeping bill

The tax deduction was crucial to getting the bill through the House. Senate action would set up a showdown with blue state Republicans.

2d

The fight over a SALT tax cap deal that would help Californians hits a snag

The high-tax states aren’t represented by Republicans in the Senate, and the bill is predicted to be extremely costly.

3don MSN

Senate weighs unraveling House’s ‘big, beautiful’ deal on the SALT deduction

Senate Republicans plan to lower the SALT cap, which limits how much earners can deduct for state and local taxes.

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