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1 day ago | 
news.bloombergtax.com | Erik Wasson |Billy House
House Republicans could land on a compromise on the state and local tax deduction on Wednesday, a deal that would represent a breakthrough in one of the thorniest policy debates in President Donald Trump’s economic package.
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1 day ago | 
news.bloomberglaw.com | Erik Wasson |Billy House
House Republicans could land on a compromise on the state and local tax deduction on Wednesday, a deal that would represent a breakthrough in one of the thorniest policy debates in President Donald Trump’s economic package.
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1 day ago | 
newsobserver.com | Erik Wasson |Billy House
U.S. Speaker of the House Mike Johnson, R-La., speaks with press while walking into the House Chambers to vote on Feb. 25, 2025, in Washington, D.C. (Kayla Bartkowski/Getty Images/TNS) TNS WASHINGTON - House Republicans could land on a compromise on the state and local tax deduction on Wednesday, a deal that would represent a breakthrough in one of the thorniest policy debates in President Donald Trump's economic package.
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1 day ago | 
news.bloomberglaw.com | Erik Wasson |Billy House
House Republicans could land on a compromise on the state and local tax deduction on Wednesday, a deal that would represent a breakthrough in one of the thorniest policy debates in President Donald Trump’s economic package.
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1 day ago | 
bloomberg.com | Erik Wasson |Billy House
Mike Johnson (Bloomberg) -- House Republicans could land on a compromise on the state and local tax deduction on Wednesday, a deal that would represent a breakthrough in one of the thorniest policy debates in President Donald Trump’s economic package.
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1 day ago | 
accountingtoday.com | Erik Wasson
President Donald Trump's campaign tax pledges — no taxes on tips and overtime pay, plus new tax breaks for car buyers and seniors — are the centerpiece of a multitrillion dollar package that will serve as Republicans' signature legislative effort. In a draft version of the tax bill released on Monday, House Republicans highlighted the president's populist priorities in a package that would enact those cuts through 2028.
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1 day ago | 
news.bloombergtax.com | Erik Wasson |Emily Birnbaum
House Republicans’ release of the tax provisions in their massive fiscal bill provides a crucial initial reading of what party leaders think could pass, culminating weeks of intense negotiations among fractious GOP lawmakers. But the bill still may change as leaders strike more deals to secure passage in the House. And Senate Republicans are likely to follow their own path, requiring more compromises.
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1 day ago | 
accountingtoday.com | Erik Wasson
Two New York Republican lawmakers promised to block their party's signature tax legislation unless GOP leaders raise a proposed $30,000 limit on the federal income tax deduction for state and local taxes.
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1 day ago | 
accountingtoday.com | Erik Wasson
House Republicans' release of the tax provisions in their massive fiscal bill provides a crucial initial reading of what party leaders think could pass, culminating weeks of intense negotiations among fractious GOP lawmakers. But the bill still may change as leaders strike more deals to secure passage in the House. And Senate Republicans are likely to follow their own path, requiring more compromises.
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1 day ago | 
nationalmortgagenews.com | Erik Wasson |Ari Natter |Nancy Cook
President Donald Trump's campaign tax pledges — no taxes on tips and overtime pay, plus new tax breaks for car buyers and seniors — are the centerpiece of a multitrillion dollar package that will serve as Republicans' signature legislative effort. In a draft version of the tax bill released on Monday, House Republicans highlighted the president's populist priorities in a package that would enact those cuts through 2028.
