House Republican leadership on Wednesday night unveiled last-minute tweaks to President Trump’s tax cut and spending ...

It looks like a tentative deal has been brokered on Capitol Hill to provide a new SALT cap​, increasing the state and local tax deduction from $10,000 to $40,000.

US House Speaker Mike Johnson (R-La.) is raising the proposed SALT (State and Local Tax) deduction cap to $40,000 in hopes of winning over moderates as lawmakers continue to deliberate over President ...

As President Donald Trump works to muscle his sweeping tax and spending cuts package through Congress, a network of ...

The potential reduction in federal revenues would be enough to buy 13 new aircraft carriers. The USS Mike Lawler, anyone?

One of the most important sticking points in negotiations about President Donald Trump’s signature tax-and-spending bill is ...

While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level ...

Republican lawmakers reached a deal today to raise the cap for the state and local tax deduction, known as the SALT deduction. Find out more.

A key committee worked through the night on the legislation as Republican leaders sought agreement from various party ...

Federal taxes would increase for many if Congress fails to renew tax breaks, but the legislation favors the rich.

Members of the conservative House Freedom Caucus say they are working with the White House on a deal that would secure their ...

The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000 ...