News

SALT cap in limbo as House and Senate GOP fail to reach deal on ‘big, beautiful bill’
House and Senate Republicans are not close to a deal on raising the state and local tax deductions, leaving the fate of the ...
Senate proposes big change to Social Security, SALT income tax deduction
The Senate proposal also includes a temporary tax break for older Americans: a $6,000 deduction for individuals age 65 and ...
NJ, NY lawmakers slam Senate tax bill and its strict SALT deduction cap
The Senate GOP’s sweeping tax bill would keep a popular property tax deduction limited to $10,000, drawing the ire of ...
NY reps warn Senate version of ‘big, beautiful’ bill will be ‘dead on arrival’ if SALT cap lowered to $10K
Blue state Republican reps railed against rumored Senate plans to lower the state and local tax deduction (SALT) cap back ...
SALT the big question mark as Senate gears up to release tax plan
The SALT cap has been perhaps the most vexing policy consideration for the Senate’s GOP tax writers. The current $10,000 SALT ...
Institute on Taxation and Economic Policy17h
Bergen Record: NJ, NY Lawmakers Slam Senate Tax Bill and Its Strict SALT Deduction Cap
Senate Republicans’ version of President Donald Trump’s “big, beautiful” sweeping tax bill would keep a popular property tax deduction limited to $10,000, drawing the ire of lawmakers from high-tax ...
Impasse over SALT cap deepens as House moderates stand firm
The impasse over the state and local tax (SALT) deduction cap is deepening as Senate Republicans and House moderates from high-tax blue states remain at a loggerheads, a stalled state-of-play that ...
Senate’s ‘big beautiful’ bill trims popular tax breaks — 4 ways it could impact your taxes
U.S. lawmakers appear primed for a tax-bill showdown with the Senate’s proposed version of the “big, beautiful” act ...