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 ...

Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in ...

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 ...

As reported on May 16, 2025, the SALT cap proposal contained in the legislation that was pending in the U.S. House of ...

U.S. Rep. Elise Stefanik said she was the “deciding vote” on a megabill that quadrupled the maximum state and local tax ...

The bill proposes significant changes to student loan repayment options, Medicaid eligibility and the tax code.

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

While the Ways and Means Committee passed the legislation out of committee with the $30,000 SALT cap, that could be changed on the House floor. Throughout the lengthy Ways and Means hearing ...