The issue pits Republicans from high-tax states against fiscal hardliners. The future of President Donald Trump's "One Big Beautiful Bill" that would fund his second-term agenda could depend on SALT.
The Senate has narrowly passed the One Big Beautiful Bill Act by a 50-50 vote, with Vice President Vance breaking the tie. The bill now moves to the Joint Conference Committee for reconciliation of ...
Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...