SALT Debate Deepens as Senate Shapes Comprehensive Tax and Spending Legislation
Key Senate deliberations on sweeping tax and spending bill—dubbed "One Big, Beautiful Bill"—have brought SALT deduction controversy to forefront.
Key Senate deliberations on sweeping tax and spending bill—dubbed "One Big, Beautiful Bill"—have brought SALT deduction controversy to forefront.
Jamie Dimon said U.S. should be taxing carried interest, a loophole that has allowed private market investors to benefit from lower taxes.
Key House Republicans discussed ways to direct an expanded state and local tax deduction to those making less than $400,000.
U.S. manufacturers increasingly alarmed by rising recession risks are pressing the Fed to lower interest rates as tariff uncertainty continues.
Trump suggested Sunday that his sweeping tariffs would help him reduce income taxes for people making less than $200,000 a year.
President Trump now appears to be a no on nascent GOP plans to consider letting tax cuts on some of the richest Americans expire.
Tax policy discussions intensifying in D.C., with significant implications for high-net-worth individuals, business owners, and financial advisors.