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House and Senate Republicans are not close to a deal on raising the state and local tax deductions, leaving the fate of the ...
The proposals from Republicans keep in place the current $10,000 deduction of state and local taxes, called SALT, drawing ...
Before 2018, the tax break — including state and local income and property taxes — was unlimited for filers who itemized ...
Moderate House Republicans from high-tax blue states are seething at the Senate’s proposal to keep the state and local tax ...
House “SALT caucus” members who pushed hard for the increase to $40,000 began opposing the $10,000 Senate placeholder proposal.
“In the Senate, at least, there isn't a high level of interest in doing anything on SALT,” Senate Majority Leader John Thune ...
As the package now moves to the Senate, the changes to Medicaid, SALT and green energy programs are part of a series of trade-offs GOP leaders are making as they try to push the package to passage ...
Blue state House Republicans sounded the alarm Monday following reports that a hard-fought increase to the state and local tax (SALT) deduction cap would be nixed by Senate GOP taxwriters in ...
A Republican-controlled Senate committee Monday rolled back the SALT deduction cap to $10,000 in its first draft of President Trump’s sprawling budget bill, a dramatic reversal from the $40,000 ...
A plan championed by Republicans from New York in Congress to quadruple the current $10,000 cap on the federal deductibility ...