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The high-tax states aren’t represented by Republicans in the Senate, and the bill is predicted to be extremely costly.
His private comments to Senate Republicans suggest the benefits for taxpayers in high-tax places could be pared back from the ...
President Donald Trump told Senate Republicans he is open to a state and local tax deduction cap lower than the $40,000 in ...
The tax deduction was crucial to getting the bill through the House. Senate action would set up a showdown with blue state ...
The House-approved tax bill could end the popular ‘SALT’ deduction workaround for certain pass-through businesses. Here’s ...
House Speaker Mike Johnson said he is fighting to maintain the new $40,000 cap on state and local deductions in the draft tax ...
Two weeks after President Donald Trump’s sweeping tax bill passed the House with razor-thin margins, the Senate has begun to ...
Donald Trump and Republican senators discussed ways to scale back the $40,000 state and local tax deduction cap in the House ...
As the Senate considers next steps for the House-passed “big, beautiful” tax bill, the battle lines have been drawn for a ...
Senate Republicans plan to lower the SALT cap, which limits how much earners can deduct for state and local taxes.
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