GOP SALT Tax Proposal

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SALT, tax cut and House Republican

Trump, GOP tweak SALT cap. Here’s what to know about the controversial tax break.

One of the most important sticking points in negotiations about President Donald Trump’s signature tax-and-spending bill is how generous to make the deduction for state and local taxes.

NBC News on MSN · 1d

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

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 over $500,000.

The Wall Street Journal on MSN · 11d

Republican Tax Plan Boosts SALT Deduction, Ends Green-Energy Breaks

The proposal ends some taxes on tipped income and overtime pay and extends Trump’s expiring 2017 tax cuts.

4don MSN

Conservative rips blue state Republican's proposal to raise taxes on wealthy in SALT debate

Issues over tax relief for blue state Republicans are coming to a head as the GOP crafts President Trump's "big, beautiful ...

1don MSN

What is SALT and why does it threaten Trump's 'Big Beautiful Bill?'

The future of President Donald Trump's "Big Beautiful" federal spending bill could come down to SALT tax deductions.

36mon MSN

NY Republicans eke out SALT deal in federal spending bill

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

3don MSN

Speaker Johnson reaches tentative deal with blue state Republicans to boost cap on ‘SALT’ deduction

House Speaker Mike Johnson reached a tentative deal with blue state GOP lawmakers on Tuesday to boost the cap on state and local tax deductions, or “SALT," to $40,000.

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