News

As reported on May 16, 2025, the SALT cap proposal contained in the legislation that was pending in the U.S. House of ...
Senate Republicans plan to lower the SALT cap, which limits how much earners can deduct for state and local taxes.
Congress faces pressure to refine tax policy by eliminating ineffective deductions and securing permanent tax cuts to help ...
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 ...
Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in ...
U.S. Rep. Elise Stefanik said she was the “deciding vote” on a megabill that quadrupled the maximum state and local tax ...
On May 22, the House of Representatives passed proposed tax legislation titled, “The One, Big, Beautiful Bill” (TOBBB), which will now be debated ...
No one is calling for a return of the country club dues tax deduction, but even conservatives say that’s more defensible than ...
The House passed the 'One Big Beautiful Bill Act' to end the SALT workaround, make Trump’s 2017 tax cuts permanent, and ...