Rep. Mike Lawler (R-NY) said that “lifting the cap on state and local taxes will be crucial to getting President-elect Donald Trump’s tax overhaul through the House, given the party’s narrow majority in the chamber,” Bloomberg reports. Said Lawler: “I’ve been very clear, I will not support a tax bill that does not lift the cap on SALT.”
Lawler Says Salt Cap Must Go To Pass Gop Tax Bill
Taegan Goddard, Political Wire
Wed, 11/20/2024 - 8:34pm
BING NEWS:
- New York’s Lawler Says SALT Cap Must Go to Pass GOP Tax Bill
A New York Republican congressman says that lifting the cap on state and local taxes will be crucial to getting President-elect Donald Trump’s tax overhaul through the House, given the party’s narrow ...
11/20/2024 - 12:09 pm | View Link - Opinion: GOP will reshape tax policy in 2025 — a tax expert explains what to expect
Republicans are likely to fight to keep key components of the Tax Cuts and Jobs Act in place, however they are not entirely unified on tax policy.
11/19/2024 - 10:11 pm | View Link - Trump Said He’s Bringing SALT Back. Tax Experts Say It’s Not so Easy.
During his presidential campaign, Donald Trump raised hopes that he would swiftly bring back a popular deduction for state and local taxes, known as SALT, that his last administration greatly limited.
11/13/2024 - 9:32 am | View Link - For Trump and Republicans in Congress, ‘everything is in play’ on tax cuts
President-elect Donald Trump and a unified GOP Congress are poised to remake the country’s tax code with major benefits for corporations and the upper class.
11/6/2024 - 11:12 pm | View Link - As candidate, Trump vowed to lift SALT tax deduction cap. Will he follow through for NJ?
During the recently completed presidential campaign, Donald Trump promised to lift the controversial $10,000 cap on state and local property tax deductions, known as SALT, if he regained the White ...
11/6/2024 - 8:26 pm | View Link - More
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