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The new version of the Trump tax bill would raise the state and local tax deduction cap to $40,000, in an effort win over a ...
Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story How ...
A bit of late-surfacing fine print might yet throw negotiations over President Donald Trump’s Big Beautiful Bill into chaos, ...
Enacted via the Tax Cuts and Jobs Act, or TCJA, of 2017, there's currently a $10,000 limit on the SALT deduction ... under the House-proposed tax bill. Under the current thresholds, the vast ...
For as long as Americans have paid federal income taxes ... a proposed version of the bill released by House Republicans on May 12 includes an increase of the SALT deduction cap to $30,000.
After Speaker Mike Johnson released a series of changes aimed at winning over holdouts, the House voted to open debate on the ...
A Republican tax bill in 2017 capped the SALT deduction at $10,000, in what was seen as a political slap at Democratic-leaning states in the Northeast and California, where residents often pay ...
The White House says the House GOP's tax cuts will usher in an economic boom. Top economists say the upside is negligible.
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