Senate Majority Leader John Thune believes the deal that led the US House to increase the maximum deduction for state and ...

On May 22, the House of Representatives passed proposed tax legislation titled, “The One, Big, Beautiful Bill” (TOBBB), which will now be debated ...

Given this environment, local leaders must do what they can to preserve and strengthen progressive revenue tools, advocate ...

This post covers five particularly notable provisions for states: increasing deductions for state and local taxes (SALT) paid ...

The legislation has implications on taxes for individuals and families at most income levels as well as for businesses and ...

Weakened courts, happy heirs, and work requirements. The House-passed version of Donald Trump's tax plan takes from poor, ...

President Trump’s domestic agenda bill is spurring a debate over whether blue states are subsidizing red states. After a successful pressure campaign from blue-state Republicans, the House version ...

On May 22, 2025, the House passed the legislation entitled “The One Big Beautiful Bill” (the “BBB”). The BBB makes permanent, extends and, in ...

The economic impact of Trump’s tax package can be viewed as a short-term stimulus at the potential cost of long-term drag.

House Republicans passed President Donald Trump’s “one big, beautiful bill” on May 22. This meaty budget reconciliation bill ...

The bill would boost the maximum SALT deduction to $40,000, from the $10,000 limit in President Donald Trump’s 2017 tax overhaul. That’s good news for most affluent taxpayers in high-tax states. Still ...

Federal taxes would increase for many if Congress fails to renew tax cuts, but the legislation favors the rich.