The Senate Finance Committee released its revisions to President Donald Trump’s “one big, beautiful” bill Monday night, implementing changes to

Blue state Republican reps railed against rumored Senate plans to lower the state and local tax deduction (SALT) cap back down from the House-negotiated level of $40,000 back down to $10,000, its

The SALT cap has been perhaps the most vexing policy consideration for the Senate’s GOP tax writers. The current $10,000 SALT cap was imposed as part of President Donald Trump’s 2017 tax cuts. Now, Republican House members in high-tax states have enough leverage to raise that threshold.

WASHINGTON – Senate Republicans are likely to tweak a state and local tax deduction that was crucial to President Donald Trump's sweeping tax bill passing the House, setting up a potential showdown with the lower chamber. It's the first significant ...

Big, Beautiful Bill timeline in jeopardy as Senate vote delays to June 22, leaving a tight window for House approval before the Treasury's early July debt ceiling deadline