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Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save ...
This move marks a reversal in policy on SALT deductions, one of the most contentious features of the 2017 Tax Cuts and Jobs Act.
Senate Republicans’ tax bill raises the "SALT" deduction cap to $40,000. Here's who could benefit from the change.
By a 51-49 tally and with Vice President JD Vance at the Capitol to break a potential tie, the Senate cleared a key ...
The Senate's version of the One Big Beautiful Bill takes the shine off some of Trump's most popular promises. Here's why.
“The Senate doesn’t have the votes for $10k SALT in the House,” Rep. Nick LaLota (R-N.Y.), a vocal member of the SALT Caucus, wrote on X, with a photo of Daveed Diggs portraying Thomas Jefferson in ...
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Soy Nómada on MSN$4,000 SALT deduction approved in the Senate, but not everyone will benefitThe Senate has approved a significant change to the State and Local Tax (SALT) deduction, raising the limit to $40,000. However, this adjustment will not benefit all taxpayers. The measure, part of ...
Senate Republicans are staring down a collision course with the House as they weigh possible changes to the state and local tax (SALT) deduction cap as part of larger revisions to the party’s massive ...
Proposed changes have reportedly angered some House Representatives, and differing views on the legislation could make passing Trump's bill difficult.
Tradeoffs in bill risk GOP support As the package now moves to the Senate, the changes to Medicaid, SALT and green energy programs are part of a series of tradeoffs GOP leaders are making as they try ...
With just days until Senate GOP leaders want to start voting, they have been hit with a mathematical double-whammy: Tax writers are proposing a package that’s hundreds of billions of dollars more ...
WASHINGTON (AP) — Senate Republicans on Monday proposed deeper Medicaid cuts, including new work requirements for parents of teens, as a way to offset the costs of making President Donald Trump ...
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