News

State and local taxes are at the center of the fight over Trump's big bill. Here's what taxpayers in every state pay.
A federal deduction that could help affluent filers in high-tax states is once again up for debate.
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, ...
Republican tensions escalate to a boiling point on 'SALT' tax fight in Trump's big bill
The fight has pitted the GOP's top tax writer against a determined bloc of House Republicans from high-tax states. It has ...
A GOP congressman says raising taxes on top earners would help push Trump's 'big beautiful bill' forward
Rep. Nick LaLota says raising taxes on top earners would help Trump get the votes he needs to pass his massive tax and ...
New York Republican Floats Higher Tax Rate to Pay for SALT
A key House Republican who is pushing for a higher cap for state and local tax deductions sought to revive the idea of ...
How the GOP Tax Bill Still Leaves Blue States Picking Up the Check
At the same time, their moderate counterparts desire greater tax relief for those states with higher state and local tax ...
GOP tax writers would raise cap on SALT deductions to $30,000 but set income limit
Republicans on the House tax committee have proposed raising the state and local tax cap from $10,000, but nothing is set in ...
Californians could get bigger state, local tax deductions. Why that matters
Some congressional lawmakers are trying to lift Trump-era caps on state and local tax deductions as part of the new ...
How the SALT Fight Threatens to Derail the Republican Tax Bill
For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state ...
House tax plan triples SALT deduction cap to $30K — but New York GOPers say it’s not enough
Draft legislation circulated by the House Ways and Means Committee would raise the current cap to $30,000 on individuals with taxable annual income of $400,000 or fewer.
New York Magazine on MSN2dOpinion
SALT Means Cutting Medicaid to Give Tax Cut to the Rich
The GOP “moderates” pushing a big SALT deduction for wealthy folks are contributing to the big Medicaid cuts they say they ...