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Senate, Trump and Tax

USA TODAY on MSN · 4d

Trump tax and spending bill passes with Senate's generous SALT changes. Why this matters.

Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save money, experts say.

The Wall Street Journal on MSN · 5d

What’s in the Trump Tax Bill Passed by the Senate?

The bill proposes raising the state-and-local-tax deduction cap to $40,000 with a 1% increase every year through 2029, then reverting to $10,000 in 2030. It sets the income threshold at $500,000 and increases it by 1% annually through 2029.

Associated Press News on MSN · 5d

Senate passes Trump’s big tax and spending cuts bill as Vance breaks a 50-50 tie

Senate Majority Leader John Thune says Republicans “got the job done” in passing President Donald Trump’s big bill of tax breaks and spending cuts.

5don MSN

Senate removes excise tax on renewable energy industry from Trump domestic policy bill

The Senate budget bill would have imposed an excise tax on certain wind and solar projects with foreign materials.

6don MSN

Senate Republican tax bill passes ‘SALT' deduction cap of $40,000. Here's who benefits

Senate Republicans’ tax bill raises the ‘SALT’ deduction cap to $40,000. Here’s who could benefit from the change.

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