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The fight over a SALT tax cap deal that would help Californians hits a snag
The high-tax states aren’t represented by Republicans in the Senate, and the bill is predicted to be extremely costly.
Problems proliferate in Senate for Trump’s ‘big, beautiful bill’
Problems are multiplying for Senate Majority Leader John Thune (R-S.D.) and other Senate negotiators in their bid to pass ...
'Big Beautiful Bill' Falters as Musk Ramps up Bid to ‘Kill' It
Trump's sprawling tax-and-spending proposal—touted as the centerpiece of his second-term agenda—is facing intensifying ...
InvestmentNews1h
Trump could be open to SALT cap changes
President Donald Trump told Senate Republicans he is open to a state and local tax deduction cap lower than the $40,000 in ...
Trump indicates openness to scaling back SALT relief in GOP tax bill
His private comments to Senate Republicans suggest the benefits for taxpayers in high-tax places could be pared back from the ...
Blue state Republicans threaten rebellion if Senate changes key provision in Trump's 'big, beautiful bill'
SALT Republicans are ready to go to war with the Senate on the increased tax relief for high cost of living areas in ...
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 ...
Opinion
The Heritage Foundation21hOpinion
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 ...