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Donald Trump, SALT and tax deduction

Trump Said to Be Open to Lowering SALT Cap in GOP Tax Bill

President Donald Trump told Senate Republicans he is open to a state and local tax deduction cap lower than the $40,000 in the House-passed version of his giant tax bill, a person familiar with the matter said.

USA TODAY on MSN · 2d

Senate Republicans plan to amend SALT tax deduction in Trump's sweeping bill

The tax deduction was crucial to getting the bill through the House. Senate action would set up a showdown with blue state Republicans.

Fox Business on MSN · 9d

Here are the changes to the SALT tax deduction in the 'big, beautiful bill'

Baked into House Republicans’ sweeping tax package is an increase to the federal deduction for state and local taxes, a change that top earners will likely benefit the most from. Republicans in the lower chamber advanced their version of President Donald Trump’s "big,

The fight over a SALT tax cap deal that would help Californians hits a snag

The high-tax states aren’t represented by Republicans in the Senate, and the bill is predicted to be extremely costly.

NBC News16d

House Republican tax bill passes 'SALT' deduction cap of $40,000. Here's who would benefit.

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 ...

14d

Next test for higher SALT cap: Republican resistance in the Senate

Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in ...

17d

Lawmakers Close In on Higher SALT Cap

Republican leaders approach a long-sought agreement with lawmakers from high-tax states.

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