News

Next test for higher SALT cap: Republican resistance in the Senate
Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in ...
Republicans are debating SALT tax breaks that are bad policy, good voter bribes | Opinion
The SALT deduction cap should be $0. People should not be able to deduct their state and local tax burdens from their federal ...
The SALT cap isn’t the problem — high-tax states are
Federal taxpayers in fiscally responsible states were subsidizing the excesses of states that refused to rein in their own ...
Lawmakers Near SALT Cap Deal That Could Offer Major Relief to Homeowners in High-Tax States
Lawmakers are close to a deal that would raise the SALT cap to $40,000—offering potential tax relief for homeowners in ...
Republicans weigh a $40K cap on SALT deduction, which would help NJ homeowners
The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000 ...
Trump, GOP tweak SALT cap. Here’s what to know about the controversial tax break.
One of the most important sticking points in negotiations about President Donald Trump’s signature tax-and-spending bill is ...
Speaker Johnson reaches tentative deal with blue state Republicans to boost cap on SALT deduction
House Speaker Mike Johnson reached a tentative deal with blue state GOP lawmakers on Tuesday to boost the cap on state and ...