NY, NJ Republicans pushing to at least double SALT deductions cap to $20K — but could go as high as $100K
Republican lawmakers in high-tax states New York and New Jersey are pushing to double the $10,000 cap on state and local tax (SALT) deductions for residents as part of President-elect Donald Trump's policies. It is possible that they will seek to raise that level by a factor of 10. A much-awaited tax package later this […]
What is the SALT cap? What could happen in 2025 and what it means for you – NBC Chicago
Last weekend, when his meeting with President-elect Donald Trump made headlines, new questions arose over the future of the SALT cap, but what exactly is the SALT tax and what's in store for us in 2025? I wonder? With a notable deadline looming this year, questions remain about the future of the cap, which was […]
NY’s Kathy Hochul to unveil ‘cap and invest’ plan critics warn could send gas prices soaring 12 cents per gallon
It's starting to feel like an Empire State battle for drivers. Gov. Cathy Hochul is expected to announce a push to fight pollution in her State of the State address on Tuesday, and critics say it could make it more expensive to heat homes and push gas prices up as much as 22 cents a […]
What is the SALT cap? What to know about Trump's proposed tax deduction change – Daily Mail
President-elect Donald Trump is reportedly open to raising the cap on SALT, a provision of the tax code that overwhelmingly disadvantages wealthy people in blue states. Prior to the Tax Cuts and Jobs Act signed into law by President Trump in 2017, the SALT deduction allowed taxpayers to itemize their deductions and subtract the amount […]
Mega Cap World Domination – A Wealth of Common Sense
Most investors want the financial world to exist in black and white. Tell me when to buy or sell, when to be bullish or bearish, when to buy this stock or avoid that stock, when to go all in or get out of the market. The market is difficult because most things exist in shades […]
Trump tells NY pols he wants to kill congestion pricing, raise SALT cap
President-elect Donald Trump has said he supports abolishing congestion pricing and lifting caps on state and local tax deductions, The Post has learned. Speaking Saturday night at the resort of Mar-a-Lago, Florida, with Republican members of New York's House of Representatives delegation, the next commander-in-chief agreed to help repeal the nation's first urban congestion charge. […]
Gold News: Could Strong Jobs Data Cap XAU/USD’s Upside Potential? – FX Empire
Weekly US Treasury Bond 10 Year YieldRising US Treasury yields have been one of the main hurdles for gold. Since October, the 10-year Treasury yield has risen from 3.599% to 4.631%, reflecting inflation concerns and strong economic performance. The dollar followed a similar trend, with the US dollar index reaching 108.541. When the dollar strengthens, […]
Hedge funds score double-digit returns as ‘Trump Trade’ helps cap strong year
Many of the world's biggest hedge funds posted comfortable double-digit returns in 2024, benefiting from turbulent markets, central bank policy changes and a close presidential election campaign. Big winners include Dan Loeb's New York-based Third Point, which returned 28.7%, and Mets owner Steve Cohen's Point72, which returned 19%, according to the paper. , including a […]
Bernie Sanders backs Trump’s 'great idea' to cap credit card rates at 10% – The Times of India
Sen. Bernie Sanders announced plans to push for legislation that would impose a cap. credit card interest rate This is the first policy proposal proposed by President-elect Donald Trump during his campaign.To remind people of Trump's campaign promise, Sanders wrote on X (formerly Twitter): “During the recent campaign, Donald Trump proposed putting a 10% cap […]
NY education big urges Hochul, pols to lift cap on charters: ‘Focus more on kids, not politics’
The head of the board that issues state charter school licenses said Gov. Kathy Hochul and the Legislature should remove caps on the number of urban charter schools next year to help Big Apple students succeed. Charter licenses approved by lawmakers last year have already been issued, meaning no more schools can be approved in […]