Several New York House Republicans are taking credit for a $40,000 SALT cap passed in the budget bill early on Thursday. Reps. Elise Stefanik (R-NY), Mike Lawler (R-NY) and Nick LaLota (R-NY) all sent out statements attributing the inclusion of the SALT cap in the House’s budget bill to their efforts.

House Republicans passed a bill to raise the ‘SALT’ deduction cap to $40,000. Here’s who would benefit from the change.

One of the most important sticking points in negotiations about President Donald Trump’s signature tax-and-spending bill is how generous to make the deduction for state and local taxes.

The narrow win for the bill, which hikes the deduction for state and local taxes to $40,000, came after Speaker Mike Johnson won over right-wing fiscal hawks and a small group of rebels from the

For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state and local governments from their taxable income. This federal deduction for state and local taxes — the SALT deduction,

The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000

Utah House Speaker Mike Schultz has an idea to mitigate the dust blowing into communities from the drying Great Salt Lake.

Republican leaders approach a long-sought agreement with lawmakers from high-tax states.