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

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.

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

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

With President Donald Trump’s agenda on the line, Speaker Mike Johnson is stuck in the middle between two disgruntled factions of the House GOP that want completely different things. If he can’t find a way to appease both,