Senate Resistance to SALT

News

Trump, SALT and Tax Bill

Trump Said to Be Open to Lowering SALT Cap in GOP Tax Bill

President Donald Trump told Senate Republicans he is open to a state and local tax deduction cap lower than the $40,000 in the House-passed version of his giant tax bill, a person familiar with the matter said.

USA TODAY on MSN · 2d

Senate Republicans plan to amend SALT tax deduction in Trump's sweeping bill

The tax deduction was crucial to getting the bill through the House. Senate action would set up a showdown with blue state Republicans.

CNBC on MSN · 3d

Trump's tax bill could end popular ‘SALT' deduction workaround for certain business owners

The House-approved tax bill could end the popular ‘SALT’ deduction workaround for certain pass-through businesses. Here’s what to know.

13d

Next test for higher SALT cap: Republican resistance in the Senate

Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in ...

1don MSN

"Big, beautiful bill": When will the Senate vote on Trump legislation?

President Donald Trump has urged Congress to bundle the bill into one package to speed up its passage and prevent legal ...

Opinion

The Heritage Foundation2dOpinion

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 ...

15d

Senate Republicans vow changes to Trump megabill

The measure would boost funding for border security and the Defense Department, eliminate taxes on tips and overtime, provide ...

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