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The "one big, beautiful bill" includes a new tax break for coastal elites. It's a deduction for up to $40,000 of state and ...
That’s largely because Republicans partially offset those tax cuts — estimated to cost about $4 trillion ... the bottom 80% ...
If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...
Here is a look at who benefited and who lost out, or at least didn’t achieve big wins, from the Republican reconciliation ...
The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.
The bill now faces a difficult test of making it through a Republican-controlled Senate with different preferences and ...
New York's political leaders are trading barbs over a provision in President Donald Trump's "big, beautiful" budget bill that ...
Republicans brokered a deal for the tax bill after division on raising the SALT deduction cap from $10,000. Democrats call ...
A U.S. House bill proposes raising the federal deduction cap for state and local taxes (SALT) to $40,000, potentially ...
The 1,116-page bill the House passed early Thursday morning to enact President Trump’s ambitious legislative agenda faces a ...
Senate Republicans say they’re going to rewrite the 1,116-page bill the House narrowly passed Thursday to enact President Trump’s agenda. Speaker Mike Johnson (R-La.) urged GOP senators at a ...