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Fully repealing the SALT cap would disproportionately help the richest of the rich, with the 1% getting 43% of the benefit.
Republicans from high-tax blue states want a higher cap for the state-and-local tax deduction.
The House Ways and Means Committee voted 26-19 to approve the tax part of the legislation after a marathon markup meeting ...
The House Ways and Means Committee is eyeing a plan to increase the state and local tax (SALT) deduction cap by $30,000 for ...
The Republican tax plan would raise the $10,000 cap for the state and local property tax deduction to $30,000 for families ...
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 ...
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 ...
House Republicans on three key committees are working to advance their respective portions of President Donald Trump's reconciliation bill.
Republican efforts to strike a deal on the contentious SALT deduction stalled, as GOP lawmakers debated expanding the state and local tax deduction only for households earning under $400K, according ...
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 ...
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