House Blocks Retroactive Bill Which Would Have Doubled The SALT Cap Deduction
The House has rejected legislation that would have doubled the cap on the state and local tax (SALT) deduction—but just for one year.
Source: forbes.com
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Increasing The SALT Cap Would Be A Gift To Democrats From The GOP
Increasing the SALT cap would give a huge tax breaks to millions of wealthy Democratic voters and a much smaller tax break to many fewer Republicans.
Source: forbes.com
SALT deduction back in focus as New York Republicans flex muscles in speaker debate
Centrist Republicans from New York are using the opportunity provided by the competition to be the next House Speaker to bring the SALT cap back into the conversation.
Source: washingtonexaminer.com
A Higher Standard Deduction Means Even Fewer Households Should Care About The SALT Fight
As House Republicans engage in a nasty internal battle over whether to raise the $10,000 cap on the state and local tax (SALT) deduction, a new Tax Policy Center analy...
Source: forbes.com
Republican SALT backers split on how far to go on blue state tax deductions
Blue-state House Republicans are split over how far to go in insisting on state and local tax deductions for the residents of their wealthy and high-tax states, imperiling their efforts to extract key concessions from conservatives as the GOP conference tries to pass major tax legislation.
Source: washingtonexaminer.com