Creative obstructionism in the Senate, says Tina Smith of Minnesota, has become “a fine art” that has nearly paralyzed the ...

A bipartisan effort to crack down on facial recognition technology utilized by the Transportation Security Administration is ...

The Senate has lowered the proposed SALT deduction cap from $40K to $10K, leading to an angry outcry from the House ...

The Senate version of the bill keeps the $10,000 cap, though a summary released by the finance committee notes “the amount of the individual SALT cap is the subject of continuing negotiations.” ...

The shot across the Capitol came shortly after Senate Majority Leader John Thune (R-S.D.) told reporters the upper chamber would likely tweak the SALT provision in the mammoth measure in one of ...

Senate Republicans on Tuesday passed changes to the federal deduction for state and local taxes, known as SALT, as part of President Donald Trump 's multitrillion-dollar spending bill.

On July 4, 2025, President Donald Trump signed the reconciliation bill, known as the “Big Beautiful Bill” (“BBB”), which ...

Senate tax bill includes $10,000 SALT cap, negotiations continue Editor Louis Juricic Stock Markets Published 06/16/2025, 03:37 PM ...

The Senate bill temporarily raises the SALT deduction and adjusts it annually for inflation. In 2026, the cap would increase to $40,400, followed by 1% hikes through 2029.

The Senate draft also enhances Trump's proposed new tax break for seniors, with a bigger $6,000 deduction for low- to moderate-income senior households earning no more than $75,000 a year for ...

America's takeaway from this should be to laugh hysterically the next time Republicans claim to be the party of responsible spending.