#salt-deductions

#salt-deductions

The House Ways and Means Committee introduced key tax provisions aimed at increasing SALT deductions and supporting independent contractors.

House Republicans advanced the One Big Beautiful Bill Act past the Rules Committee, paving the way for a potential floor vote before the upcoming recess.

Republicans are negotiating over the State and Local Tax (SALT) deductions in a larger tax bill, indicating the potential for changes before final approval.

Homeowners in high-tax states may receive significant tax relief as lawmakers move to increase the SALT deduction cap from $10,000 to $40,000.

The Republican Party faces a dilemma balancing SALT deductions and Medicaid cuts within the upcoming budget reconciliation bill.

The budget reconciliation bill faces potential collapse due to internal Republican divisions and critical disagreements over SALT deduction caps.

Rep. Mike Lawler mockingly criticized Marjorie Taylor Greene amid ongoing GOP tensions and discussions regarding tax deductions in Trump's spending bill.