Norquist: SALT hikes loom large in Big, Beautiful Bill

Norquist: SALT hikes loom large in Big, Beautiful Bill

Congress and President Trump are working to pass the “One Big Beautiful Bill” legislation that makes the Trump tax cuts permanent, cuts spending by $1.7 trillion, secures the border and strengthens the U.S. military. But. Always a “but.” Some congressmen have been threatening to vote against the bill if it fails to raise the cap on SALT significantly. SALT is the acronym for State and Local Taxes. Today, you can deduct $10,000 of your state and …

Sanctuaries and SALT: Should state and local taxes be deductible? It depends. › American Greatness

The U.S. House of Representatives has passed the Big Beautiful Bill, and the Senate is deciding whether to do so. Among the details being debated is whether…