‘Givers’ vs ‘receivers’: SALT conflict sparks discussion between blue and red states
President Trump’s domestic agenda bill has sparked discussions about whether blue states are financially supporting red states. After pressure from House Republicans in predominantly blue regions, the bill was revised to raise the state and local tax (SALT) credit limit to $40,000. This change is seen as a significant win for a small group of […]
Trump’s tax cuts remain in place as SALT deduction limit increased in narrow 215-214 vote
Senate Split on House’s “Big and Beautiful Bill” The reaction in the Senate to the House’s “big and beautiful bill” has been distinctly divided. Democrats are raising alarms about potential long-term damage to the working class, while Republicans assert that the legislation will be beneficial for many. There are strong feelings on both sides. According […]
House Republican tax bill approves a $40,000 limit on the ‘SALT’ deduction. Here are the beneficiaries.
House Proposes Changes to SALT Deductions Jason Smith (R-MO), who is the chairman of the House Ways and Means Committee, is set to hold a press conference on May 13, 2025, just before a markup hearing at the Longworth House Building on Capitol Hill in Washington, DC. On Thursday morning, House lawmakers approved modifications to […]
Rep. Mike Lawler highlights $40K SALT deduction limit for New York as House advances Trump’s tax plan
Rep. Mike Lawler Celebrates Significant Tax Credit Increase WASHINGTON – Rep. Mike Lawler (R-NY) is marking an 11-hour agreement that brings a 400% increase in state and local tax (SALT) credits, part of President Trump’s “one big beautiful bill.” “For the middle class, this represents a true win, particularly in places like New York,” Lawler […]
Americans didn’t choose Trump to change SALT limits or reform Medicaid.
Republicans Push Back Against Trump’s Agenda Various factions within the Republican Party are signaling that they might obstruct President Trump’s agenda if their demands aren’t met. While some of their concerns might be reasonable, others seem less so. Yet, the underlying message is clear: they want more. This feels all too familiar in D.C. The […]
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 […]
Johnson and SALT Republicans focus on key agreement
Speaker Mike Johnson (R-LA) and a moderate Republican are currently working on a potential adjustment to the state and local tax (SALT) deduction limit. According to sources, the proposed plan aims to raise the SALT deduction cap for households earning below $500,000 to $40,000, a significant increase from the current $10,000 limit. Additionally, this amount […]
Real-time updates: Trump does not gain support from SALT Republicans
On Tuesday, President Trump encouraged moderate Republicans to “forget salt,” but it seems he wasn’t able to sway them. New York GOP officials Mike Lawler, Nick Larota, and Andrew Garvalino announced their opposition to the proposed package that came out of a morning meeting. The issue of salt has become one of the central focus […]
How SALT is changing the tax debate
Republican tax and spending cut proposals are encountering significant obstacles before they reach President Trump. One of the most contentious issues is the State and Local Tax (SALT) deduction caps, which may be facing sudden changes. The Tax Chief of the House Ways and Means Committee has suggested increasing the cap for joint filers to […]
5 key points about SALT, the tax deduction delaying Trump’s bill
The Republican tax and spending cut package is encountering several obstacles on its journey to President Trump’s desk, with the caps on the state and local tax (SALT) deduction being particularly significant. House tax committee members have proposed raising the joint filer’s cap to $30,000, up from the current $400,000 annually. However, suburban Republicans from […]