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

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

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

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

Connecticut’s congressional delegation joined opposition to House Republicans’ “big beautiful bill” designed to carry out ...

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 ...

House Republicans advanced a multi-trillion-dollar tax and spending package that could have sweeping impacts on household ...

The tax cut package that passed the U.S. House and President Trump has dubbed the "big, beautiful bill" may change before it becomes law.

The State and Local Tax (SALT) deduction is a rule that helps people lower the amount of federal taxes they owe. It lets you deduct the state and local taxes you’ve already paid, like income tax, ...

Early Thursday morning, the House of Representatives passed the One Big Beautiful Bill Act by one vote. The bill had been ...