Showing 1 to 12 of 21 results
Second Circuit Upholds IRS Regulations on SALT Deduction Workarounds
The Second Circuit upheld IRS regulations disallowing state-level SALT deduction workarounds, such as state charitable funds offering tax credits in exchange for payments exceeding the $10,000 federal cap, impacting high-SALT states and reinforcing IRS authority.
Second Circuit Upholds IRS Regulations on SALT Deduction Workarounds
The Second Circuit upheld IRS regulations disallowing state-level SALT deduction workarounds, such as state charitable funds offering tax credits in exchange for payments exceeding the $10,000 federal cap, impacting high-SALT states and reinforcing IRS authority.
Progress
4% Bias Score
Senate's Potential SALT Deduction Rollback Threatens Trump's 'Big, Beautiful Bill'
House Republicans representing blue states strongly oppose the Senate's potential reversal of a negotiated increase to the SALT deduction cap from \$40,000 to \$10,000, threatening the passage of the overall bill due to the narrow margin of its initial House approval.
Senate's Potential SALT Deduction Rollback Threatens Trump's 'Big, Beautiful Bill'
House Republicans representing blue states strongly oppose the Senate's potential reversal of a negotiated increase to the SALT deduction cap from \$40,000 to \$10,000, threatening the passage of the overall bill due to the narrow margin of its initial House approval.
Progress
52% Bias Score
Trump Travel Ban, Canada's Retaliation, and SALT Deduction Stalemate
President Trump signed a proclamation banning travel from 12 countries and partially restricting entry from 7 others due to national security concerns; Canada imposed retaliatory tariffs exceeding $90 billion on US goods in response to US steel and aluminum tariffs; House Republicans threatened to b...
Trump Travel Ban, Canada's Retaliation, and SALT Deduction Stalemate
President Trump signed a proclamation banning travel from 12 countries and partially restricting entry from 7 others due to national security concerns; Canada imposed retaliatory tariffs exceeding $90 billion on US goods in response to US steel and aluminum tariffs; House Republicans threatened to b...
Progress
52% Bias Score
House Passes Trump's Domestic Policy Bill by One Vote
The House passed President Trump's "One Big Beautiful Bill Act" by a single vote (215-214) Thursday morning, after Rep. Andrew Garbarino fell asleep and Rep. David Schweikert almost missed the vote; the bill raises the cap on SALT deductions to \$40,000 for incomes up to \$500,000.
House Passes Trump's Domestic Policy Bill by One Vote
The House passed President Trump's "One Big Beautiful Bill Act" by a single vote (215-214) Thursday morning, after Rep. Andrew Garbarino fell asleep and Rep. David Schweikert almost missed the vote; the bill raises the cap on SALT deductions to \$40,000 for incomes up to \$500,000.
Progress
44% Bias Score
Trump Urges House Republicans to Pass Sweeping Bill, Warns Against Altering Medicaid and SALT
President Trump urged House Republicans to pass a sweeping bill addressing tax, immigration, defense, energy, and the debt limit, warning against altering Medicaid and SALT deduction caps despite internal GOP disagreements.
Trump Urges House Republicans to Pass Sweeping Bill, Warns Against Altering Medicaid and SALT
President Trump urged House Republicans to pass a sweeping bill addressing tax, immigration, defense, energy, and the debt limit, warning against altering Medicaid and SALT deduction caps despite internal GOP disagreements.
Progress
52% Bias Score
House Republicans Negotiate Compromise on Major Bill
House Speaker Mike Johnson is negotiating a compromise on a major bill, aiming to incorporate adjustments to the SALT deduction and Medicaid work requirements to secure passage before the Memorial Day deadline, balancing demands from blue-state Republicans for larger tax breaks and conservatives for...
House Republicans Negotiate Compromise on Major Bill
House Speaker Mike Johnson is negotiating a compromise on a major bill, aiming to incorporate adjustments to the SALT deduction and Medicaid work requirements to secure passage before the Memorial Day deadline, balancing demands from blue-state Republicans for larger tax breaks and conservatives for...
Progress
52% Bias Score
SALT Deduction Phaseout Creates Unexpected Tax Hike for High Earners
President Trump's revised SALT deduction includes a temporary increase to \$40,000 in 2029, phasing out at 30% above \$500,000 MAGI, reaching \$10,000 at \$600,000, creating a higher effective tax rate for those between these thresholds, potentially reaching 45.5%.
SALT Deduction Phaseout Creates Unexpected Tax Hike for High Earners
President Trump's revised SALT deduction includes a temporary increase to \$40,000 in 2029, phasing out at 30% above \$500,000 MAGI, reaching \$10,000 at \$600,000, creating a higher effective tax rate for those between these thresholds, potentially reaching 45.5%.
Progress
32% Bias Score
SALT Deduction Debate Exposes Conflicting Views on Government Spending
The debate over the SALT deduction exposes conflicting views on government spending's economic impact: blue states favor full deductibility believing it boosts their economies, while red states oppose it, fearing it subsidizes excessive blue state spending and harms federal tax revenue.
SALT Deduction Debate Exposes Conflicting Views on Government Spending
The debate over the SALT deduction exposes conflicting views on government spending's economic impact: blue states favor full deductibility believing it boosts their economies, while red states oppose it, fearing it subsidizes excessive blue state spending and harms federal tax revenue.
Progress
72% Bias Score
FOP Endorses Key Provisions of "One Big Beautiful Bill Act"
The National Fraternal Order of Police (FOP) endorsed provisions in the "One Big Beautiful Bill Act," including overtime tax deductions and increased SALT deductions, citing benefits for its 377,000 members and potential impacts on law enforcement recruitment and retention; the bill faces Senate opp...
FOP Endorses Key Provisions of "One Big Beautiful Bill Act"
The National Fraternal Order of Police (FOP) endorsed provisions in the "One Big Beautiful Bill Act," including overtime tax deductions and increased SALT deductions, citing benefits for its 377,000 members and potential impacts on law enforcement recruitment and retention; the bill faces Senate opp...
Progress
52% Bias Score
SALT Deduction Cap Threatens Trump's "One Big Beautiful Bill
The State and Local Tax (SALT) deduction, capped at $10,000 in 2017, is causing conflict within the Republican party as President Trump now wants to raise the cap, creating a rift between high-tax state Republicans and fiscal conservatives, jeopardizing his "One Big Beautiful Bill.
SALT Deduction Cap Threatens Trump's "One Big Beautiful Bill
The State and Local Tax (SALT) deduction, capped at $10,000 in 2017, is causing conflict within the Republican party as President Trump now wants to raise the cap, creating a rift between high-tax state Republicans and fiscal conservatives, jeopardizing his "One Big Beautiful Bill.
Progress
52% Bias Score
GOP Divided on Tax Hike in Trump's "One Big, Beautiful Bill"
House Republicans are deeply divided over President Trump's sweeping "One Big, Beautiful Bill," specifically concerning a proposed tax increase on high-income earners to fund higher SALT deductions; Rep. LaLota supports the increase, while Rep. Norman opposes it, highlighting a clash between represe...
GOP Divided on Tax Hike in Trump's "One Big, Beautiful Bill"
House Republicans are deeply divided over President Trump's sweeping "One Big, Beautiful Bill," specifically concerning a proposed tax increase on high-income earners to fund higher SALT deductions; Rep. LaLota supports the increase, while Rep. Norman opposes it, highlighting a clash between represe...
Progress
48% Bias Score
House Approves Contentious Budget Bill Amidst Republican Divisions
The House is advancing President Trump's budget bill, with three key committees voting to approve contentious proposals despite internal Republican divisions, including Medicaid cuts, food stamp changes and a debated SALT cap; the bill now proceeds to the House floor, then the Senate.
House Approves Contentious Budget Bill Amidst Republican Divisions
The House is advancing President Trump's budget bill, with three key committees voting to approve contentious proposals despite internal Republican divisions, including Medicaid cuts, food stamp changes and a debated SALT cap; the bill now proceeds to the House floor, then the Senate.
Progress
36% Bias Score
Showing 1 to 12 of 21 results