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News

Trump, Senate and tax

The Washington Post on MSN · 2d
Trump indicates openness to scaling back SALT relief in GOP tax bill
His private comments to Senate Republicans suggest the benefits for taxpayers in high-tax places could be pared back from the House-passed legislation.
MarketWatch on MSN · 2d
Senate seeks to rein in SALT deduction. Here’s why it could sink Trump’s tax bill.
Two weeks after President Donald Trump’s sweeping tax bill passed the House with razor-thin margins, the Senate has begun to tinker with the legislation’s architecture. Some are now warning that changes in that chamber could cause the edifice to collapse.
USA TODAY on MSN · 3d
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.
Bloomberg L.P.2d
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 ...
NBC DFW4d
Trump's tax bill could end popular ‘SALT' deduction workaround for certain business owners
If enacted as written, the House GOP's "One Big Beautiful Bill Act" would raise the federal deduction limit for state and local taxes, known as SALT, to $40,000. That would phase out once income ...

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