News

Next test for higher SALT cap: Republican resistance in the Senate
Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in ...
NY Republicans eke out SALT deal in federal spending bill
U.S. Rep. Elise Stefanik said she was the “deciding vote” on a megabill that quadrupled the maximum state and local tax ...
Republicans Have a SALT Tax Deal. Who Will Benefit?
For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state ...
The SALT deduction: Republicans’ tax break for wealthy blue-staters
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 ...
Republicans weigh a $40K cap on SALT deduction, which would help NJ homeowners
The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000 ...
Congress Pulls Tax Cut All-Nighter With SALT Fight Unresolved
House lawmakers debated the contours of President Donald Trump’s tax cuts throughout the night as they race to meet a ...
SALT Caucus and GOP leadership reach tentative deal in win for tax bill
The agreement marks a big win for SALT cap crusaders like Rep. Mike Lawler (R-NY) and others who have demanded the SALT cap ...
Trump looks to end House Republicans’ squabbling over agenda bill as sticking points remain
President Donald Trump on Tuesday argued that Republicans are “tremendously unified” despite party infighting over his ...