Add Yahoo as a preferred source to see more of our stories on Google. Moderate House Republicans from high-tax blue states and the Trump administration are zeroing in on an agreement for the state and ...

Moderate House Republicans from high-tax blue states are warning senators that they will not give the “big, beautiful bill” a final stamp of approval if the Senate changes their proposal for the state ...

As reported on May 16, 2025, the SALT cap proposal contained in the legislation that was pending in the U.S. House of Representatives (“House”) aimed at, among other things, dealing with the expiring ...

The "Megabill" driven by President Donald Trump, already approved by the House of Representatives and under Senate review, is on the brink of a potential "showdown" due to the contentious state and ...

The U.S. House of Representatives narrowly passed a GOP-backed federal tax bill on Thursday, May 22, that increased the cap on the deduction on state and local taxes to $40,000, extended tax cuts ...

Enacted via the Tax Cuts and Jobs Act, or TCJA, of 2017, there's currently a $10,000 limit on the SALT deduction, and raising that cap has been a priority for certain House lawmakers in high-tax ...

"My team and I are reviewing all 887 pages of the Senate bill," said Rep. Nick LaLota R- N.Y. Moving the Trump administration's signature tax bill out of the House required hard won support from the ...

Moderate House Republicans from high-tax blue states are seething at the Senate’s proposal to keep the state and local tax (SALT) deduction cap at $10,000, setting the stage for a showdown over one of ...

House lawmakers on Thursday morning passed changes for the federal deduction for state and local taxes, known as SALT, as part of President Donald Trump’s tax package. Subscribe to read this story ...