A proposed $40,000 cap on the SALT deduction reignites debate over who benefits most, especially in high-tax states.

President Donald Trump’s “One Big Beautiful Bill Act,” which narrowly passed through the House of Representatives early ...

A U.S. House bill proposes raising the federal deduction cap for state and local taxes (SALT) to $40,000, potentially benefiting affluent earners in high-tax states. This adjustment, phasing out for ...

President Donald Trump’s One Big Beautiful Bill Act, which narrowly passed through the House of Representatives early Thursday morning in a 215-214 vote, includes an increase to the SALT — State and ...

The House of Representatives passed the “one big, beautiful bill” Thursday morning, but not before the House Rules committee ...

GOP Louisiana Sen. John Kennedy appeared optimistic that Senate Republicans would pass President Trump's "One Big, Beautiful" ...

Beyond the 2017 tax cuts, the bill includes no taxes on tips for workers in the service industry. It imposes curbs on ...

A key House Democrat on Sunday admitted there is “one little portion” of the GOP’s megabill that he likes — the raising of the state and local tax deduction (SALT) cap from $10,000 to $40,000.

House Republicans passed a tax plan cutting over $700B from Medicaid, affecting nearly 14M Americans. What happens now?

Elon Musk's disillusionment with the bill has led him to reconsider his involvement with the government. He has indicated ...