News

Senators must hold down the SALT cap
As the Senate considers next steps for the House-passed “big, beautiful” tax bill, the battle lines have been drawn for a ...
Blue state Republicans threaten rebellion if Senate changes key provision in Trump's 'big, beautiful bill'
SALT Republicans are ready to go to war with the Senate on the increased tax relief for high cost of living areas in ...
Here are the changes to the SALT tax deduction in the 'big, beautiful bill'
Baked into House Republicans’ sweeping tax package is an increase to the federal deduction for state and local taxes, a ...
Opinion
The Heritage Foundation1dOpinion
SALT Subsidies Are Crowding Out Positive Tax Reforms in the One Big Beautiful Bill Act
The House of Representatives passed its version of the fiscal year (FY) 2025 budget reconciliation bill on May 22 by the narrow margin of 215 to 214, with one Member voting present. The bill, titled ...
Trump indicates openness to scaling back SALT relief in GOP tax bill
His private comments to Senate Republicans suggest the benefits for taxpayers in high-tax places could be pared back from the ...
Senate weighs unraveling House’s ‘big, beautiful’ deal on the SALT deduction
Senate Republicans plan to lower the SALT cap, which limits how much earners can deduct for state and local taxes.
JD Supra3d
Proposed Federal Tax Legislation Would Effect Three Key Changes to State and Local Tax Deductibility Limits
On May 22, the House of Representatives passed proposed tax legislation titled, “The One, Big, Beautiful Bill” (TOBBB), which will now be debated ...
New Jersey Globe1d
SALT, Musk, budget estimates complicate GOP megabill as Senate begins deliberations
The GOP’s One Big Beautiful Bill – which makes sweeping changes to federal policies on taxes, health care, and much more – ...
MiBolsilloColombia on MSN2d
Trump's new tax law could eliminate SALT workaround and affect business expenses
The ‘One Big Beautiful Bill Act’ proposes changes to the SALT deduction and could end key business workarounds, sparking ...