News

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.
Opinion
The Heritage Foundation19hOpinion
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 ...
JD Supra2d
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 ...
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 ...
The ‘One Big, Beautiful Bill’ urgently needs a makeover to usher in Trump’s Golden Age
Congress faces pressure to refine tax policy by eliminating ineffective deductions and securing permanent tax cuts to help ...
Return Of Country Club Dues Deduction Is More Defensible Than SALT
No one is calling for a return of the country club dues tax deduction, but even conservatives say that’s more defensible than ...
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 ...
Explícame on MSN1d
Proposed House legislation aims to end SALT workaround, hitting professional deductions
The House passed the 'One Big Beautiful Bill Act' to end the SALT workaround, make Trump’s 2017 tax cuts permanent, and ...