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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 ...
Two weeks after President Donald Trump’s sweeping tax bill passed the House with razor-thin margins, the Senate has begun to ...
As the Senate considers next steps for the House-passed “big, beautiful” tax bill, the battle lines have been drawn for a ...
House Speaker Mike Johnson said he is fighting to maintain the new $40,000 cap on state and local deductions in the draft tax ...
Baked into House Republicans’ sweeping tax package is an increase to the federal deduction for state and local taxes, a ...
House Republicans are considering raising the SALT deduction cap to $30,000 as part of Trump's tax package. Speaker Mike ...
The SALT deduction cap should be $0. People should not be able to deduct their state and local tax burdens from their federal taxable income.