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As reported on May 16, 2025, the SALT cap proposal contained in the legislation that was pending in the U.S. House of ...
Issues over tax relief for blue state Republicans are coming to a head as the GOP crafts President Trump's "big, beautiful ...
The Republican lawmaker said a budget bill with a SALT deduction cap as low as $30,000 would not get her support.
The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000 ...
Speaker Mike Johnson (R-La.) and moderate Republicans have zeroed in on an agreement for the state and local tax (SALT) ...
The Republican tax plan would raise the $10,000 cap for the state and local property tax deduction to $30,000 for families making up to $400,000.
A proposal to increase the cap from $10,000 to ... Most of the tax relief from lifting the SALT cap, for instance, would go to households earning between $200,000 and $500,000, said a February ...
Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...
The House Ways and Means Committee voted 26-19 to approve the tax part of the legislation after a marathon markup meeting that lasted more than 17 hours.