The Senate's version of the One Big Beautiful Bill takes the shine off some of Trump's most popular promises. Here's why.

The impasse over the state and local tax (SALT) deduction cap is deepening as Senate Republicans and House moderates from high-tax blue states remain at a loggerheads, a stalled state-of-play that ...

Deduction for state and local taxes is nothing more than a subsidy for big-spending governments in blue states and blue ...

U.S. Rep. Young Kim, R-Anaheim, helped lead the fight to increase the federal deduction for state and local income taxes. A ...

President Donald Trump expressed optimism that lawmakers could reach a compromise on the state and local tax deduction - a ...

Senate Republicans have largely opposed increasing the cap, arguing that the deductions only favor wealthy homeowners in high ...

The Senate GOP’s sweeping tax bill would keep a popular property tax deduction limited to $10,000, drawing the ire of ...