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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 showdown over the state and local tax (SALT) deduction.
Republicans’ deal on SALT deduction has changed again. How would it impact you?
Republican lawmakers in the House appeared to have reached a new agreement late Tuesday on the state and local tax deduction, commonly referred to as SALT, which had been one of the key sticking points in the passage of President Trump’s giant tax-and-spending bill.
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 the One Big Beautiful Bill Act (OBBB),
The Bond Buyer1d
Higher SALT cap taking flak in the Senate
The hard-fought increase to the cap on state and local tax deductions that was instrumental to passing the House GOP tax bill is under fire in the Senate.
Spectrum News NY115d
SALT cap had 'negative impact' on N.Y., Lawler says
Rep. Mike Lawler said the lower cap on the federal deduction for state and local tax payments, also known as SALT, has had a “negative impact” on New York. “There were key provisions that ...
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