News

LI Reps vow fight after Senate committee recommends sticking with $10,000 cap on SALT deduction
The proposal calls for "permanently" extending the $10,000 cap on so-called SALT deductions, first passed by Congress in 2017 ...
'SALT' deduction in limbo as Senate Republicans unveil tax plan for Trump's spending package
As Senate Republicans release key details of President Donald Trump’s spending package, some provisions, including the ...
Senate bill would keep limits on SALT deductions — a problem for California
U.S. Rep. Young Kim, R-Anaheim, helped lead the fight to increase the federal deduction for state and local income taxes. A ...
NY Republicans erupt over 'insulting' US Senate plan to keep $10K SALT cap
Republicans in the Senate oppose raising the cap because of how it would unbalance the budget sought by Trump.
How the Senate GOP tax plan differs from the House bill
Senate Republicans have released their version of the tax legislation. It included some significant changes from the House ...
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 down from the House-negotiated level of $40,000 back down to $10,000, its ...
Senate GOPs carefully weighing controversial tax provisions before bringing Big, Beautiful Bill to the floor
Big, Beautiful Bill timeline in jeopardy as Senate vote delays to June 22, leaving a tight window for House approval before ...
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 ...