Why vulnerable House Republicans are scrambling to fix tax law
New York Republicans are backing a change to the SALT provision, raising the cap on deductions to $20,000 for joint filers with gross adjusted income of $500,000 or less.
The plan to completely end the SALT cap has been altered to a proposal that is tailored to mostly middle-income couples in order to create a path of least resistance. [ more ]
Supreme Court Strikes Down Wealth Tax Case, Leaves Open Possibility for Future Cases
The Supreme Court upheld a Trump administration rule imposing a one-time tax on earnings from foreign corporations, potentially safeguarding the U.S. Tax Code. [ more ]