Senate Push to Maintain ‘Salt’ Cap Imperils Trump’s Tax Bill

Senate GOP’s tax bill proposals spark House backlash

Different versions of Trump bill could complicate the goal of passing it before a self-imposed July 4 deadline

Senate push to maintain ‘Salt’ cap imperils Trump’s tax bill

Move draws ire of House Republicans who could derail president’s legislation

Senate to Unveil Trump Tax Bill Draft With SALT Fight Unresolved

SALT stalls, Harvard wins reprieve: Tax bill winners and losers

U.S. businesses and wealthy universities scored major wins in the Senate Republicans' version of President Donald Trump's tax bill, while low-income Americans and clean energy providers are poised to be hit the hardest.

Senate Tax Bill: The Good…

As expected, late yesterday, Senator Mike Crapo released his draft Senate version of One Big Beautiful Bill.  On balance, we like it, but we’re still wrestling through it, but here are some initial takeaways. The Good: Restores the $10,000 SALT cap – as opposed to the preposterous $40,000 cap in the House bill. Makes almost all 2017 Trump tax cuts permanent, including capital expensing provisions, school choice tax credits, and opportunity zone…

Senate To Maintain Cap On State Tax Deductions, Imperilling Trump’s Bill - Data Intelligence

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The US Senate’s version of Donald Trump’s flagship tax bill will not propose raising the cap on state and local tax deductions, in a move that threatens to torpedo the so-called “big, beautiful bill”. The Senate finance committee is set to publish a draft bill on Monday afternoon that will keep the annual cap on t…