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 […]
Malliotakis challenges Dems to work with GOP on SALT deduction after Trump pledge as NY taxed ‘to death’
Representative Nicole Malliotakis accused House Republicans of overtaxing New Yorkers in the first place and called on Democrats to help expand state and local tax credits. Malliotakis (R-N.Y.), a member of the House Ways and Means Committee that crafts tax law, was among the Republicans who met with President-elect Donald Trump at Mar-a-Lago on Saturday […]
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 […]
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. […]
Chefs go viral for salt and pasta water debate: ‘Wild, right?’
A video of nine Food Network chefs showing how they add salt to pasta water has gone viral, raising questions about how much salt you should use when making spaghetti. The video, posted on the Food Network's TikTok page on Dec. 28, shows chefs from various shows on the network adding salt to a pot […]
Doing Border, Energy, Taxes in One Bill Would Get Buy-In, Help Get SALT Relief
On Tuesday's broadcast of Fox News Channel's “Your World,” U.S. Rep. Nicole Malliotakis (R-N.Y.) said everyone would want a piece of this bill: the border bill, the tax bill, the energy bill. He argued that it would be best to combine the two into one settlement bill. He said implementing the plan as one bill […]
FACT CHECK: Michael Bennet Claims SALT Benefits The ‘Wealthiest People’
Democratic Colorado Sen. Michael Bennet claim The state and local tax (SALT) deduction benefits “the wealthiest people in very blue states on the East and West Coasts.” 👀 Democratic Sen. Michael Bennet on the SALT cap debate: “SALT benefits go to the wealthiest people in very blue states on the East and West coasts. Why […]
Global food production at increased risk from excess salt in soil, UN report warns | Soil
The extent of the world's land affected by excess salt is rapidly expanding, with potentially devastating effects on food production, a study has found. Approximately 1.4 billion hectares (3.4 billion acres), or 10% of the world's land, are affected by salinity, with a further 1 billion hectares classified as 'at risk'. Report from the Food […]
US officials tout encryption apps amid Salt Typhoon cyberattack
Federal authorities are calling on carriers to use encrypted messaging apps to strengthen national security following China's unprecedented hacking campaign against more than half a dozen U.S. carriers. The massive cyber attack campaign, dubbed “Salt Typhoon” by Microsoft, comes after authorities discovered that hackers had accessed the networks of various carriers and were also attempting […]