Showing 1 to 4 of 4 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
Expiring Tax Provisions of 2017 TCJA Prompt Major 2025 Tax Debate
The 2017 Tax Cuts and Jobs Act (TCJA) introduced significant tax changes, many of which are set to expire at the end of 2025, causing uncertainty for taxpayers and prompting a major tax policy debate with potential $4.6 trillion costs over 10 years for full extension.
Expiring Tax Provisions of 2017 TCJA Prompt Major 2025 Tax Debate
The 2017 Tax Cuts and Jobs Act (TCJA) introduced significant tax changes, many of which are set to expire at the end of 2025, causing uncertainty for taxpayers and prompting a major tax policy debate with potential $4.6 trillion costs over 10 years for full extension.
Progress
40% Bias Score
Republican Tax Proposals: Medicaid Cuts Offset Extensive Tax Cuts
House and Senate Republicans propose extending the 2017 tax cuts, with the House plan including substantial Medicaid cuts totaling $880 billion over 10 years to offset the cost, potentially impacting 8.6 million people's health coverage, while the Senate's plan is more fiscally restrained.
Republican Tax Proposals: Medicaid Cuts Offset Extensive Tax Cuts
House and Senate Republicans propose extending the 2017 tax cuts, with the House plan including substantial Medicaid cuts totaling $880 billion over 10 years to offset the cost, potentially impacting 8.6 million people's health coverage, while the Senate's plan is more fiscally restrained.
Progress
44% Bias Score
Trump Considers Raising SALT Cap, Adding \$225 Billion to National Debt
President-elect Trump may raise the SALT deduction cap to \$20,000 for married couples filing jointly, increasing the federal debt by \$225 billion from 2025-2034, primarily benefiting households making \$200,000 or more, according to a Tax Policy Center analysis.
Trump Considers Raising SALT Cap, Adding \$225 Billion to National Debt
President-elect Trump may raise the SALT deduction cap to \$20,000 for married couples filing jointly, increasing the federal debt by \$225 billion from 2025-2034, primarily benefiting households making \$200,000 or more, according to a Tax Policy Center analysis.
Progress
44% Bias Score
Showing 1 to 4 of 4 results