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House GOP tax bill calls for ‘SALT’ deduction cap of $30,000 for most taxpayers. Here's who could benefit
The proposed House GOP tax bill raises ‘SALT’ deduction cap to $30,000 for most taxpayers. Here's who would benefit the most, experts say.
House tax writers eye SALT deduction cap rejected by key lawmakers last week
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
SALT negotiations stall as Republicans debate who benefits - report
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 to a media report dated Thursday.
House Republican tax plan debate kicks off. Here are two key issues to watch
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.
Lawler slams lack of SALT progress: ‘What negotiations?’
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. Rep. Mike
House Republicans advance tax plan after pulling all-nighter, but deep divisions remain
In a 26-19 party-line vote, the House Ways and Means Committee sent sent the measure to the House Budget Committee, where it will be combined with other components of the “big,
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SALT saga continues with high-tax state reps angling for $62k cap
GOP lawmakers mostly representing New York, New Jersey, and California put Trump's multi-trillion-dollar tax agenda at risk.
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The Trump tax cut debate is heating up. Here are the key issues and who stands to benefit
The full committee will debate and advance this legislation on Tuesday ... Another TCJA provision — the $10,000 limit on the deduction for state and local taxes, known as "SALT" — was added to the 2017 legislation to help fund other tax breaks.
House GOP moves Trump's agenda forward after all-night committee debate
House Republicans on three key committees are working to advance their respective portions of President Donald Trump's reconciliation bill.
Republicans push ahead on Trump tax plan, despite intra-party dissent
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.
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