News

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 ...
MiBolsilloColombia on MSN1d
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 ...
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Exploring the impact of the 'One Big Beautiful Bill Act' on SALT deductions
The 'One Big Beautiful Bill Act' aims to increase the SALT deduction cap from $10,000 to $40,000, promising relief for ...
Opinion
The Heritage Foundation1dOpinion
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 ...
Return Of Country Club Dues Deduction Is More Defensible Than SALT
No one is calling for a return of the country club dues tax deduction, but even conservatives say that’s more defensible than ...
Senate Republicans plan to amend SALT tax deduction in Trump's sweeping bill
The tax deduction was crucial to getting the bill through the House. Senate action would set up a showdown with blue state ...
Californians could get bigger state, local tax deductions. Why that matters
Some congressional lawmakers are trying to lift Trump-era caps on state and local tax deductions as part of the new Republican tax bill.
What is the SALT cap, and how does it impact California taxpayers?
Breaking that out more, 20% of taxpayers in California’s 40th Congressional District — represented by Kim, it covers eastern ...
Who would benefit from the proposed $40,000 SALT cap? How this deduction works
The House just made a move that could shake up tax season for a lot of Americans-especially those in high-tax states. Lawmakers voted to raise the cap on the SALT deduction (short ...
Who benefits most from the state and local tax deduction and why raising the cap is contentious
Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers.
Orange County Register21d
What is the SALT cap, and how does it impact California taxpayers?
Young Kim told voters she was working to fully repeal the cap on SALT. Kim wasn’t referring ... tax policy Porter-backed bill seeks to restore SALT deductions capped under 2017 tax act Rather ...