The Joint Committee on Taxation, Congress’s in-house tax scorekeeper, released the much-anticipated score for the tax portion of the reconciliation bill.

Call him “The SALT Shaker.” As a Congressional predecessor, constituent, and supporter of the Member of the House for New ...

As reported on May 16, 2025, the SALT cap proposal contained in the legislation that was pending in the U.S. House of ...

The One Big Beautiful Bill Act is currently written to eliminate $267 billion in federal funding from the Supplemental ...

The tax bill passed by the House of Representatives on May 22, called the “One Big Beautiful Bill Act,” has more than 1,000 ...

Congressional Republicans are moving quickly to pass a mammoth tax and spending cuts package that could have a direct impact on millions of Americans and drastic consequences for the economy.

The GOP-backed 'One Big Beautiful Bill Act' proposes a significant increase in the SALT deduction limit, aiming to appease ...

The "one big, beautiful bill" includes a new tax break for coastal elites. It's a deduction for up to $40,000 of state and ...

A proposed $40,000 cap on the SALT deduction reignites debate over who benefits most, especially in high-tax states.

and introduce new benefits, including eliminating levies on tips and overtime pay. Smith has criticized the SALT lawmakers demands, saying the vast majority of taxpayers in high-tax areas would have ...

INSKEEP: Why is the SALT ... your state and local taxes, which is what it was for over a hundred years. And so this has been a major issue for districts like mine, where we pay among the highest ...

In high-tax states, a $10,000 cap doesn't go ... $1 million or more per year—getting 43% of the benefit. Importantly, even with the SALT cap, many wealthy households' tax bills are still smaller ...