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Republican Tax Bill sparks debate over SALT deduction and PTET restrictions
The Republican's 'big, beautiful bill' brings the State and Local Tax (SALT) deduction back into focus. With proposed changes to the SALT cap and potential restrictions on pass-through entity taxes ...
GOP Tax Debate Gets Testy as Conservatives Fume Over SALT
WASHINGTON—Conservative House members are fuming at some of their Republican colleagues from New York, New Jersey and California, whose insistence on a much larger state and local tax deduction is one ...
USA Today18d
The White House's tax bill will consider SALT (again). What could that mean for you?
The state and local tax deduction – often abbreviated as SALT – was a political flashpoint in the passage of the 2017 Tax Cuts and Jobs Act and is shaping up to be so again in 2025.
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 ...
Conservative rips blue state Republican's proposal to raise taxes on wealthy in SALT debate
Issues over tax relief for blue state Republicans are coming to a head as the GOP crafts President Trump's "big, beautiful ...
What is SALT and why does it threaten Trump's 'Big Beautiful Bill?'
The future of President Donald Trump's "Big Beautiful" federal spending bill could come down to SALT tax deductions.
Trump's tax bill could end popular ‘SALT' deduction workaround for certain business owners
The House-approved tax bill could end the popular ‘SALT’ deduction workaround for certain pass-through businesses. Here’s ...
Speaker Johnson reaches tentative deal with blue state Republicans to boost cap on SALT deduction
House Speaker Mike Johnson reached a tentative deal with blue state GOP lawmakers on Tuesday to boost the cap on state and ...
NBC Connecticut24d
House Republican tax plan debate kicks off. Here are two key issues to watch
Debate for the House Republicans' tax bill is underway ... With a slim House Republican majority, the limit on the deduction for state and local taxes, known as SALT, has been a key issue ...
GOP House passes Trump’s sprawling budget bill, hikes SALT cap to $40K
The narrow win for the bill, which hikes the deduction for state and local taxes to $40,000, came after Speaker Mike Johnson won over right-wing fiscal hawks and a small group of rebels from the ...