Johnson agrees on a provisional $40,000 limit for SALT deductions in Trump’s proposal
Republicans Reach Tentative Deals on SALT Cap A preliminary agreement has been reached between House Speaker Mike Johnson and a group of Republican lawmakers concerning the increase of state and local tax credits, commonly referred to as “SALT” caps. The proposed cap would rise to $40,000 for households earning less than $500,000 annually, up from […]
Lawmakers discuss Medicaid changes and limits on SALT deductions during lengthy and heated markup sessions for Trump’s major legislation.
Late Tuesday night, the markup hearing for Trump’s “Big, Beautiful Bill” continued into Wednesday, focusing on government spending cuts within massive legislation. Specifically, three House committees—Energy, Commerce, and Agriculture—discussed significant elements of the bill. They tackled topics like major Medicaid changes, reforms to the Supplementary Nutrition Assistance Program (SNAP), and the handling of state and […]
House Republicans in New York turn down suggested $30K limit on SALT deductions: ‘Offensive’
On Thursday, four House Republicans from New York expressed their frustration regarding a proposed $30,000 state and local tax (SALT) deduction. They characterized the offer from House Speaker Mike Johnson (R-La.) and the Lower Room Tax Policy Committee as “inhumane.” Mike Roller, Elise Stefanik, Andrew Garbarino, and Nick Lalota suggested that this proposal could undermine […]
Five Republicans from blue states prepared to block tax legislation due to state and local deductions.
A group of five Republicans from suburban districts is distinguishing itself from larger factions within the party that support increasing the controversial state and local tax (SALT) credit limits. These lawmakers are ready to collectively oppose a significant tax and spending reduction package central to President Trump’s agenda unless they receive the salary increase they’re […]
Massachusetts Gov. Healey’s tax-heavy budget targets candy, tobacco, and charitable deductions
Governor Maura Hirey (D) announced the $ 62 billion year in 2026. Budget proposalIt contains a large number of tax hike, including candy and cigarettes. Hierley's proposed budget introduced in January has increased the overall expenditure of the state by 7.4 % compared to the previous year. “The priority of Governor Healey is clear. Increased […]
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 […]
Small businesses urge on tax deductions after GOP wins
Small business owners could face a major tax increase at the end of 2025, and are seeking tax relief from the newly elected Congress and government. As part of the Tax Cuts and Jobs Act (TCJA) of 2017, small business owners were allowed to deduct up to 20% of their income to cover costs. The […]
Angela Alsobrooks Improperly Claimed Tax Deductions on Properties
Prince George's County Mayor Angela Alsobrooks reportedly improperly claimed tax deductions on two properties in Maryland and Washington, DC, saving her thousands of dollars. Reviewed by CNN Found Alsobrooks, who is running for U.S. Senate in Maryland against former Governor Larry Hogan (R-Md.), had improperly claimed residential property tax exemptions for his home in northeast […]
Angela Alsobrooks improperly claimed tax deductions on DC, Maryland properties, records show – WTOP
Senior counsel for Angela Alsobrooks said she was unaware of the issue and that her lawyers were working with both Washington, D.C., and the state of Maryland to resolve the tax issues. (CNN) — Angela Alsobrooks Democratic Candidate for U.S. Senate In Maryland, he improperly took advantage of tax breaks to which he was not […]
Trump Vows to Reinstate State and Local Tax Deductions
President Donald Trump appealed to New York voters, promising to reinstate the state and local tax (SALT) deduction if he is re-elected president. in post On Truth Social, the former president Rally Speaking at the Nassau Veterans Memorial Coliseum in Uniondale, New York on Wednesday, Trump said he would “turn New York around” and asked […]