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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 ...
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Soy Nómada on MSNRepublican Tax Bill sparks debate over SALT deduction and PTET restrictionsThe Republican's 'big, beautiful bill' brings the State and Local Tax (SALT) deduction back into focus. With proposed changes ...
House Republicans are sending a clear and early warning to their Senate allies as the bill encompassing President Trump’s domestic priorities heads to the upper chamber: Don’t water it down. House ...
The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.
A plan to increase state and local tax deductions was immediately rejected by a small but determined GOP “SALT caucus,” imperiling a tax bill that remains a high priority for the White House.
I’m pressing the red ‘no’ button,” Republican New York Rep. Nick LaLota said. “It is a hill I am willing to stake my entire congressional career on.” But if SALT deductions are increased, it would ...
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