As the debate heats up, here are two key areas to watch. With a slim House Republican majority, the limit on the deduction for state and local taxes, known as SALT, has been a key issue in tax package negotiations. Enacted via the Tax Cuts and Jobs Act, or TCJA, of 2017, the current $10,000 cap will expire after 2025 without action from Congress.

The House Ways and Means Committee is eyeing a plan to increase the state and local tax (SALT) deduction cap by $30,000 for single and joint filers who make $400,000 or less a year, even after key

However, the SALT deduction limit has been a sticking point in tax bill negotiations and the provision could still change significantly. The committee is scheduled to debate and vote on the ...

GOP lawmakers mostly representing New York, New Jersey, and California put Trump's multi-trillion-dollar tax agenda at risk.

Rep. Mike Lawler (R-N.Y.), a key voice in the debate over the state and local tax (SALT) deduction cap, is slamming what he says is a lack of negotiations on the contentious issue. Lawler — a

It’s a non-starter with representatives in the House’s so-called “SALT ... The Republican tax plan in the U.S. House would raise the cap for the state and local property tax deduction ...

The party line vote by the tax-writing House of Representatives Ways and Means Committee amounts to an initial victory for Republicans, who still have many hurdles to clear before they can get the sprawling package of tax cuts, spending hikes and safety-net reductions to Trump's desk to sign into law.

Republican debate is heating up for Trump’s tax cuts. Here’s who could benefit from the final bill, according to policy experts.

House Republicans on three key committees are working to advance their respective portions of President Donald Trump's reconciliation bill.