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News

Trump, tax deduction

Los Angeles Daily News · 3d
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.
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.
USA TODAY on MSN · 4d
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.
17don MSN
What is the SALT deduction, and what's happening with this tax break?
The State and Local Tax (SALT) deduction is a rule that helps people lower the amount of federal taxes they owe. It lets you deduct the state and local taxes you’ve already paid, like income tax, ...
The New York Sun
1h
Welcome to Washington: Senators Prepare To Throw New York Republicans Under the Bus on Local Tax Cap
A hard-fought battle in the House by Empire State Republicans may end up yielding few results.
4don 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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