House Republicans from high-tax states remain at loggerheads with the Senate GOP over limits on the state and local tax ...

Treasury Secretary Scott Bessent said House and Senate Republicans can cut a deal on the state and local tax deduction within ...

It’s crunch time for negotiations over the state and local tax (SALT) deduction cap. After a high-stakes meeting with Treasury Secretary Scott Bessent on Wednesday, House Republicans in the SALT ...

It doesn’t appear that the Senate will be able to peel that $40,000 cap back too much, given how dug in the SALT Republicans ...

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All eyes are on the Senate as a skeptical Republican caucus moves forward on the "Big, Beautiful Bill" – and action is ...

The House bill, which narrowly passed by a single vote last month, proposes a $40,000 SALT deduction cap. It would gradually reduce the tax break for individuals earning more than $500,000 in 2025, ...

The Senate version of President Trump's "one big, beautiful bill" is still coming together and would have to be sent back to ...

GOP leaders hope to vote this week, but they still need to work through key issues across both chambers on Medicaid, clean ...

Senate Republicans are proposing deeper Medicaid cuts, including new work requirements for parents of teens, as a way to ...

Bessent mentioned that the administration is working on both tax and trade deals simultaneously. He indicated that trade deals could be completed after the tax bill passes, which is expected to happen ...

Regarding the State and Local Tax (SALT) deduction, Bessent said the administration "will have something in the next 48 hours." This article was generated with the support of AI and reviewed by an ...