President Donald Trump told Senate Republicans he is open to a state and local tax deduction cap lower than the $40,000 in ...

His private comments to Senate Republicans suggest the benefits for taxpayers in high-tax places could be pared back from the ...

Senate Republicans plan to lower the SALT cap, which limits how much earners can deduct for state and local taxes.

The tax deduction was crucial to getting the bill through the House. Senate action would set up a showdown with blue state ...

Two weeks after President Donald Trump's sweeping tax bill passed the House with razor-thin margins, the Senate has begun to tinker with the legislation's architecture. Some are now warning that ...

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 ...

No one is calling for a return of the country club dues tax deduction, but even conservatives say that’s more defensible than ...

Problems are multiplying for Senate Majority Leader John Thune (R-S.D.) and other Senate negotiators in their bid to pass ...

Congress faces pressure to refine tax policy by eliminating ineffective deductions and securing permanent tax cuts to help ...

On May 22, the House of Representatives passed proposed tax legislation titled, “The One, Big, Beautiful Bill” (TOBBB), which will now be debated ...

This post covers five particularly notable provisions for states: increasing deductions for state and local taxes (SALT) paid ...

Senate Republican Leader John Thune reiterated that "failure is not an option" as he works to get GOP holdouts on the ...