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News in English (USA) / 27.06.2025 / 00:00

Congress Faces Stalemate Over SALT Tax Deductions

The ongoing battle in Congress regarding the State and Local Tax (SALT) deductions continues to intensify, creating significant implications for Californians and other affected taxpayers. Key discussions revolve around various proposals, with prominent Republicans voicing their resistance to the latest offers from Senate GOP and the White House. Despite some progress reported by House Republicans, critical disputes persist, particularly regarding proposed caps and compromises. Several representatives have publicly criticized proposed measures, reflecting widespread frustration among lawmakers about the handling of SALT issues. As discussions progress, concerns mount that the impasse over SALT caps could stall broader legislative initiatives, as stakeholders from various sectors push for reforms aimed at benefiting U.S. businesses.
CalMatters, Politico, The Hill, Bloomberg.com, The Free Press, Axios, WSJ, Journal of Accountancy, Long Island Business News, JD Supra