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

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 ...

A proposed $40,000 cap on the SALT deduction reignites debate over who benefits most, especially in high-tax states.

New York's political leaders are trading barbs over a provision in President Donald Trump's "big, beautiful" budget bill that ...

U.S. Rep. Elise Stefanik said she was the “deciding vote” on a megabill that quadrupled the maximum state and local tax ...

Rep. Mike Lawler backed legislation that would quadruple the SALT deduction on federal taxes from $10,000 to $40,000.

The back-and-forth between Hochul and Lawler could be a preview of the next gubernatorial election, with the Hudson Valley Republican weighing a potential challenge to the incumbent Democrat in the ...

The 'One Big Beautiful Bill Act' proposes significant changes to the SALT deduction, raising the limit from $10,000 to ...

The bill, designed to carry out Trump’s agenda on taxes, immigration and energy, could have several implications for ...

President Trump's domestic policy bill, dubbed the One Big Beautiful Bill Act, was passed by the House of Representatives in ...

The 1,116-page bill the House passed early Thursday morning to enact President Trump’s ambitious legislative agenda faces a swarm of objections from Senate Republicans. GOP senators are calling ...

The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.