The proposed House GOP tax bill raises ‘SALT’ deduction cap to $30,000 for most taxpayers. Here's who would benefit the most, experts say.

The House Ways and Means Committee is eyeing a plan to increase the state and local tax (SALT) deduction cap by $30,000 for single and joint filers who make $400,000 or less a year, even after key

In a 26-19 party-line vote, the House Ways and Means Committee sent sent the measure to the House Budget Committee, where it will be combined with other components of the “big,

As the debate heats up, here are two key areas to watch. With a slim House Republican majority, the limit on the deduction for state and local taxes, known as SALT, has been a key issue in tax package negotiations. Enacted via the Tax Cuts and Jobs Act, or TCJA, of 2017, the current $10,000 cap will expire after 2025 without action from Congress.

Rep. Mike Lawler (R-N.Y.), a key voice in the debate over the state and local tax (SALT) deduction cap, is slamming what he says is a lack of negotiations on the contentious issue. Lawler — a

The House Ways and Means Committee advanced its tax portion of President Donald Trump’s ‘big, beautiful bill.’ Here’s what’s in it and what’s holding up others.

The party line vote by the tax-writing House of Representatives Ways and Means Committee amounts to an initial victory for Republicans, who still have many hurdles to clear before they can get the sprawling package of tax cuts, spending hikes and safety-net reductions to Trump's desk to sign into law.

GOP lawmakers mostly representing New York, New Jersey, and California put Trump's multi-trillion-dollar tax agenda at risk.

Republican efforts to strike a deal on the contentious SALT deduction stalled, as GOP lawmakers debated expanding the state and local tax deduction only for households earning under $400K, according to a media report dated Thursday.

House Republicans on three key committees are working to advance their respective portions of President Donald Trump's reconciliation bill.

Three key panels are addressing some of the thorniest issues poised to make or break the Republicans' massive bill for Trump's agenda.