SALT, Republicans and Tax Cut
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Trump, tax and SALT
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One of the most important sticking points in negotiations about President Donald Trump’s signature tax-and-spending bill is how generous to make the deduction for state and local taxes.
U.S. Rep. Elise Stefanik said she was the “deciding vote” on a megabill that quadrupled the maximum state and local tax deduction.
Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in high-tax states.
House lawmakers debated the contours of President Donald Trump’s tax cuts throughout the night as they race to meet a self-imposed deadline to approve the legislation by Thursday.
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2don MSN
A bigger SALT deduction, cuts to Medicaid, and new MAGA accounts are in the House GOP’s bill. Here’s how it may impact you.
1don MSN
Despite insisting for months they wanted green energy tax credits to be handled with a scalpel in their sweeping reconciliation measure, moderate Republicans ultimately accepted a sledgehammer
House Republicans were still unable to reach a deal on Tuesday over the divisive state and local tax deduction as President Donald Trump met with lawmakers on Capitol Hill to discuss moving his agenda forward.