51 h. ago Title: Washington Weekly: State and Local Tax (SALT) Deduction

Title: Washington Weekly: State and Local Tax (SALT) Deduction  UBS

Politics

4 d. ago What is SALT and why does it threaten Trump's 'Big Beautiful Bill?'

The future of President Donald Trump's "Big Beautiful" federal spending bill could come down to SALT tax deductions.

Politics

4 d. ago Speaker Johnson reaches tentative deal with blue state Republicans to boost cap on ‘SALT’ deduction

House Speaker Mike Johnson reached a tentative deal with blue state GOP lawmakers on Tuesday to boost the cap on state and local tax deductions, or “SALT," to $40,000.

Politics

4 d. ago GOP Rep. Lawler: 'Not Going to Sacrifice My Constituents' for Trump's Big Beautiful Bill

Representative Mike Lawler (R-NY) said Tuesday on Fox News Channel's "The Story" that he would not "sacrifice" his constituents by voting in favor of President Donald Trump's Big, Beautiful Bill without a higher cap on the State and Local Tax (SALT) deduction. The post GOP Rep. Lawler: ‘Not Going to Sacrifice My Constituents’ for Trump’s Big Beautiful Bill appeared first on Breitbart.

Politics

6 d. ago Democrats are scheming to spread the tax misery of blue states nationwide

The push to restore the SALT deduction could force low-tax states like Florida to subsidize high-tax states, benefiting wealthy taxpayers at the middle class's expense.

Politics

7 d. ago Johnson pushes 'aggressive' timetable for House to pass Trump's budget bill after GOP mutiny: 'We cannot fail'

House Speaker Mike Johnson said he believes House Republicans can reach a deal on Medicaid work requirements and pass President Donald Trump's tax bill by Memorial Day.

Politics

1 week ago Why a $10,000 Deduction Is Blocking the G.O.P.’s $3.8 Trillion Tax Bill

House Republicans, mostly from New York, have gone to war with party leadership over their push to raise or abolish the $10,000 cap on the so-called SALT deduction.

Economics

2 w. ago GOP Rep. LaHood: Can't Bail Out States Like Mine with High SALT Deduction

On Friday’s broadcast of Newsmax TV’s “The Record,” Rep. Darin LaHood (R-IL) stated that “we can’t be bailing out high-tax states like New York, California, Connecticut, New Jersey, even Illinois, my home state” by having a high SALT deduction, which The post GOP Rep. LaHood: Can’t Bail Out States Like Mine with High SALT Deduction appeared first on Breitbart.

Politics