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House Republicans early Thursday took a major step forward on President Donald Trump’s agenda, approving a legislative ...
House Republicans cleared a major hurdle over the weekend in advancing a sweeping package of President Trump’s tax proposals, ...
The bill proposes significant changes to student loan repayment options, Medicaid eligibility and the tax code.
They want to lift the cap on the federal income-tax deduction for state and local taxes, known as SALT. If they succeed, middle-class Americans in red states will once again have to subsidize ...
The House Ways and Means Committee on Monday released a fuller version of its part of Republicans’ bill full of President ...
Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or her state and local taxes (“SALT”) on the federal individual ...
It’s a non-starter with representatives in the House’s so-called “SALT Caucus,” who have campaigned for years to repeal completely the $10,000 limit on the deduction for federal income taxes.
As Congress deliberates these proposals, the potential impact on taxpayers, businesses, and the broader economy remains a ...