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Because any change to the SALT cap benefits only taxpayers who itemize their deductions and pay more than $10,000 in state and local income or sales and property taxes, letting the cap expire ...
A new analysis of tax proposals put forward by former President Trump has found they would amount to tax cuts for the wealthiest Americans and tax increases for the majority of households. The ...
Another key factor among the 2017 tax law changes enacted during Trump’s first term was the provision that brought the U.S. corporate income tax rates in line with those levied in Europe and Asia.
State and local tax deductions have been limited for years
President-elect Donald Trump has been making headlines with his economic plans for 2025. These proposals include extending tax cuts for the rich and raising tariffs on foreign goods.
WASHINGTON — Former President Donald Trump emphasized the importance of extending his signature tax cuts to some of the nation’s wealthiest political donors, according to a readout of his ...
The Tax Policy Center has estimated that Trump's proposed 10% global tariff and 60% tariff on Chinese imports could raise up to $3.8 trillion over a decade but would reduce other revenues due to ...
3. Harris wants to scale up tax credits for families and first-time homebuyers, while Trump wants to create new tax breaks. Trump’s Tax Cuts and Jobs Act expanded the child tax credit (CTC) for ...