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 ...

Senate Republicans are staring down a collision course with the House as they weigh possible changes to the state and local ...

Issues over tax relief for blue state Republicans are coming to a head as the GOP crafts President Trump's "big, beautiful ...

Republicans from high-tax blue states want a higher cap for the state-and-local tax deduction.

House Republicans are looking to push through tax cuts and spending reductions ... House members are fuming at some of their Republican colleagues from New York, New Jersey and California, whose ...

The House Ways and Means Committee voted 26-19 to approve the tax part of the legislation after a marathon markup meeting ...

The Republican's 'big, beautiful bill' brings the State and Local Tax (SALT) deduction back into focus. With proposed changes ...

Fully repealing the SALT cap would disproportionately help the richest of the rich, with the 1% getting 43% of the benefit.

Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the ...

The narrow win for the bill, which hikes the deduction for state and local taxes to $40,000, came after Speaker Mike Johnson ...

It comes as various House Republican factions are locked in high-stakes debates on taxes ... higher deduction caps for state and local taxes (SALT). The 39.6% rate refers to the top income ...