President Donald Trump told Senate Republicans he is open to a state and local tax deduction cap lower than the $40,000 in ...

Trump's sprawling tax-and-spending proposal—touted as the centerpiece of his second-term agenda—is facing intensifying ...

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

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.

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

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

The fourth-term Tennessean was one of the eight renegade Republicans who helped oust Kevin McCarthy, and when Speaker Mike ...

The latest reported proposal is to allow a $40,000 SALT deduction for families with up to $500,000 in income, after which the benefit is phased out. Those levels would increase over 10 years ...

Republicans Thomas Massie, Mitch McConnell and Rand Paul have emerged as a consistent bloc against some of the president’s ...