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Senate seeks to rein in SALT deduction. Here’s why it could sink Trump’s tax bill.
Just as President Donald Trump’s sweeping tax bill passed the House with razor-thin margins, the Senate has begun to tinker ...
Trump’s Tax Bill: How will taxpayers and businesses be impacted?
As the House Republicans pass President Donald Trump’s sweeping tax bill, businesses may face drastic changes if approved by the Senate. The House GOP’s ‘One Big Beautiful Bill Act ’ would raise the ...
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Along with the increase in the SALT deduction, the tax exemption for "pass-through" companies would be increased with President Trump's project
The U.S. Congress is evaluating a significant reconciliation bill, dubbed the 'One Big, Beautiful Bill,' championed by ...
Opinion
The Heritage Foundation5hOpinion
SALT Subsidies Are Crowding Out Positive Tax Reforms in the One Big Beautiful Bill Act
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 ...
How Trump’s massive tax and spending bill would impact Central New Yorkers
GOP bill will determine how much you pay in taxes, health care and child care costs; cut funding for new Syracuse ...
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Proposed House legislation aims to end SALT workaround, hitting professional deductions
The House passed the 'One Big Beautiful Bill Act' to end the SALT workaround, make Trump’s 2017 tax cuts permanent, and ...
Trump spending bill to cut taxes by $3.7T, add $2.4T to deficit, CBO says
The Congressional Budget Office estimates President Donald Trump’s tax cuts would add $2.4 trillion to the national debt and leave 10.9 million more people uninsured.
Five ‘Big Beautiful Bill’ Tax Changes to Watch in the Senate
The House passed its version of Trump’s "One Big, Beautiful Bill." Here’s what to look for as Senate Republicans take up the mega legislation.
Senators must hold down the SALT cap
As the Senate considers next steps for the House-passed “big, beautiful” tax bill, the battle lines have been drawn for a ...
Institute on Taxation and Economic Policy2d
Sweeping Federal Tax and Spending Changes Threaten Local Governments
Given this environment, local leaders must do what they can to preserve and strengthen progressive revenue tools, advocate ...
Institute on Taxation and Economic Policy2dOpinion
Five Issues for States to Watch in the Federal Tax Debate
This post covers five particularly notable provisions for states: increasing deductions for state and local taxes (SALT) paid ...
One Big Beautiful Bill: Breaking Down The House Tax Package
In this episode of Tax Notes Talk, Tax Notes Capitol Hill reporters Cady Stanton and Katie Lobosco discuss the final version of the House’s reconciliation bill and what’s next as the legislation heads ...