News

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is your SALT deduction safe as Senate Republicans eye $500 billion in offsets?
The 'One Big Beautiful Bill Act' faces hurdles as debate over the SALT deduction intensifies, with Senate Republicans pushing ...
Senators must hold down the SALT cap
As the Senate considers next steps for the House-passed “big, beautiful” tax bill, the battle lines have been drawn for a ...
Opinion
The Heritage Foundation12hOpinion
SALT Subsidies Are Crowding Out Positive Tax Reforms in the One Big Beautiful Bill Act
The House of Representatives passed its version of the fiscal year (FY) 2025 budget reconciliation bill on May 22 by the narrow margin of 215 to 214, with one Member voting present. The bill, titled ...
Return Of Country Club Dues Deduction Is More Defensible Than SALT
No one is calling for a return of the country club dues tax deduction, but even conservatives say that’s more defensible than ...
Californians could get bigger state, local tax deductions. Why that matters
Some congressional lawmakers are trying to lift Trump-era caps on state and local tax deductions as part of the new Republican tax bill.
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Tax Deductions Might Go Up. Would You Benefit?
House Republicans passed President Donald Trump’s “one big, beautiful bill” on May 22. This meaty budget reconciliation bill ...
House SALT Deal Will Have to Change, Senate Leader Thune Says
Senate Majority Leader John Thune believes the deal that led the US House to increase the maximum deduction for state and ...
Who would benefit from the proposed $40,000 SALT cap? How this deduction works
The House just made a move that could shake up tax season for a lot of Americans-especially those in high-tax states. Lawmakers voted to raise the cap on the SALT deduction (short ...
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Proposed House legislation aims to end SALT workaround, hitting professional deductions
The House passed the 'One Big Beautiful Bill Act' to end the SALT workaround, make Trump’s 2017 tax cuts permanent, and ...