Progressives reflexively denounce tax cuts and spending cuts as “giveaways to the wealthy” or “stealing from the poor.” So, ...

The legislation — dubbed the One Big Beautiful Bill Act — includes a provision that would lift the tax deduction cap for state and local taxes, or SALT, to $40,000 from its current $10,000 limit.

The legislation raises the cap on the State and Local Tax (SALT) deduction from $10,000 to $40,000, quadrupling the previous limit and unlocking thousands in potential annual tax savings for ...

Garbarino is the lead sponsor of legislation that would repeal the SALT cap entirely. He has seven GOP co-sponsors, including the other New Yorkers as well as Garcia.

House Democrats from California sent a letter to President Biden this week urging him to undo the cap on the state and local tax (SALT) deduction in infrastructure legislation. “As you turn your ...

It is unclear how low the SALT members will be willing to go on the cap, but Lawler reintroduced legislation this week that would dramatically hike the SALT deduction cap from $10,000 to $100,000 ...

The congressional debate over the cap on the state and local tax (SALT) deduction is creating unusual combinations of groups advocating for and against repeal of the $10,000 limit.Labor unions and … ...

Rep. Tom Suozzi has also advocated for raising the SALT deduction cap. BRIGITTE STELZER “No SALT, no deal! In November, the House passed Build Back Better, legislation that addressed the SALT cap.

SALT has been a chief sticking point in that internal debate, pitting moderate Republicans in high-income states who want to eliminate, or at least lift, the $10,000 cap against conservatives who ...

The current $10,000 cap was included as a pay-for in Trump’s 2017 Tax Cuts and Jobs Act. Most Republicans, especially those in low-tax states, don’t support raising the SALT cap.

Democrats advocating for a bigger SALT deduction had been pushing for a two-year repeal of the $10,000 cap on the tax break. The Joint Committee on Taxation, Congress’s nonpartisan scorekeeper ...

Calls by some New Jersey Democrats to repeal the $10,000 cap on state and local tax, or SALT, write-offs, have gone unheeded in the legislation so far.