SALT

WASHINGTON — House Speaker Mike Johnson, R-La., flanked by staffers, was moving quickly across the first floor of the Capitol when he encountered a small clutch of reporters in a corridor lined with statuary. “Sorry,” he said as he looked... Read More

WASHINGTON — A quartet of Republican members from New York State have rejected a House Ways and Means Committee proposal to raise the state and local tax deduction cap to $30,000 to avoid an intra-party impasse preventing an extension of... Read More

WASHINGTON —  Members of the recently-formed bipartisan State and Local Tax Caucus are urging their colleagues to support legislation removing the SALT deduction cap, arguing it will provide often neglected middle-class Americans with needed financial assistance.  The bill, the Securing... Read More

WASHINGTON — House Democrats agreed late Thursday night to modify the $1.85 trillion reconciliation bill to include a provision raising the cap on the state and local tax deduction from $10,000 to $80,000. The measure, also known as the Build... Read More

NEW YORK (AP) — Food companies are coming under renewed pressure to use less salt after U.S. regulators spelled out long-awaited guidelines aimed at reducing sodium levels in dozens of foods including condiments, cereals, french fries and potato chips. The... Read More

WASHINGTON - Rep. Mikie Sherrill, D-N.J., knew it would be a crippling blow to her constituents and the local economy. It had been bad enough when the Republican Tax Cut and Jobs Act enacted in 2017 capped the deduction middle... Read More

WASHINGTON - House Democrats voted to lift a $10,000 limit on state and local tax deductions, known as SALT, repealing a deduction limit Republicans had imposed as part of their 2017 tax code overhaul. The bill, H.R.5377 , which was... Read More

WASHINGTON — The House Ways and Means Committee could take up legislation as early as next week that would increase a limit on state and local tax deductions that has riled Democrats from high-cost regions, according to a senior panel... Read More