You Searched For "salt cap" and got 20 results
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5 mins read
Top 10 FMCG companies in India by market cap in 2024, and the people who run them
The leading fast-moving consumer goods (FMCG) companies in India play a crucial role in the country…
2 mins read
A shocking chart shows how Democrats want to give a tax cut to the top 1% that's 6 times bigger than any other wealth bracket
An analysis from the Tax Policy Center shows a huge tax cut for the 1% who make between $500,000 an…
Andy Kiersz,Ben Winck
3 mins read
Democrats are preparing to reverse a Trump-era tax move - and it could cut taxes for America's wealthiest residents
Taxpayers are capped in how much they can deduct for state and local taxes. Bernie Sanders says he …
Juliana Kaplan,Joseph Zeballo…
2 mins read
Wealthy Americans may get a tax cut 10 times bigger than a middle-class family in the Biden social spending bill
If Democrats lift the SALT cap, the social spending bill's benefits could be skewed toward higher e…
Joseph Zeballos-Roig
3 mins read
Democrats are feuding over tax breaks for people earning up to $550,000: 'We're really talking about folks who are in the top 2%'
What qualifies as middle class? To Bob Menendez, it's everyone earning below $550,000. Bernie Sande…
Joseph Zeballos-Roig
2 mins read
Democrats are actually raising taxes on the ultrawealthy, even though they're keeping a Trump tax cut
The Joint Committee on Taxation first said Biden's economic plan will cut taxes for the rich, but i…
Ayelet Sheffey
3 mins read
5 things in Biden's $2 trillion spending plan that could get stripped out by the Senate, ranging from tax cuts to paid leave
Joe Manchin and Kyrsten Sinema haven't approved Build Back Better yet, jeopardizing measures like M…
Joseph Zeballos-Roig
2 mins read
Local taxes in NYC and San Francisco counties are the 6 highest in the country. Nowhere else even comes close.
Coming in seventh place is Fairfield County, Connecticut, which is a commuter district for NYC.
Ayelet Sheffey
3 mins read
Millionaires are flocking back to New York City as people making less than $172,000 move out
Despite a brief reprieve for NYC's cost of living, people making less than $172,000 fled the city.
Juliana Kaplan
4 mins read
Democrats are trying to sneak in a massive and unnecessary tax cut for the rich as part of their Build Back Better plan. It's absurd.
Congress should reject proposals to repeal or increase the state and local tax deductions cap, a ta…
Gary Haglund
2 mins read
'Beyond unacceptable': Bernie Sanders slams Democrats' $1.75 trillion spending package after analysis said it would cut taxes for the rich
Sen. Bernie Sanders of Vermont expressed his adamant opposition to repealing the SALT cap after ana…
Tom Porter
2 mins read
Bernie Sanders says a big tax break for the wealthy is out of the Biden spending bill, triggering pushback from moderates threatening to derail the entire package
"Democrats need to focus on the struggling working class, not giving more tax breaks to the wealthy…
Joseph Zeballos-Roig
3 mins read
Some House Democrats warn they will tank Biden's big bill if a hefty tax cut for the rich is dropped
"No SALT, no dice!," tweeted Rep. Josh Gottheimer. Other Democratic lawmakers made similar threats …
Joseph Zeballos-Roig
2 mins read
Biden's big spending bill is being partly held up by Democrats squabbling over tax cuts for the rich
Senate Democrats are still feuding over how to structure a tax break that would go to wealthier peo…
Joseph Zeballos-Roig
2 mins read
Biden says he's 'tired of trickle-down' economics but his party is showering private equity firms with big Trump-era tax breaks in numerous states
The WSJ reports that 20 states have measures to bypass a Trump-era tax on the wealthy. It's the kin…
Joseph Zeballos-Roig
3 mins read
The big tax break for New Yorkers and Californians that Trump wiped out in 2017? Democrats are determined to bring it back.
Trump's 2017 tax law limited the SALT deduction tax break. Some Democrats want to bring it back but…
Juliana Kaplan,Joseph Zeballo…
3 mins read
Some House Republicans want to hold up a major tax bill until it includes a big break for wealthy blue state residents
Democrats and Republicans have both circled a tax break that would benefit wealthy states. It's an …
Juliana Kaplan,Eliza Relman
2 mins read
AOC calls SALT deduction a 'gift to billionaires,' opposes effort to hold up infrastructure bill
Some Democrats argue capping the deduction for state and local taxes hurts blue states; Rep. Alexan…
Charles Davis
6 mins read
Sensex, Nifty50 end choppy session lower weighed down by banks, Adani Enterprises
India’s benchmark indices Sensex and Nifty50 ended a volatile session lower on Monday led by losses…
9 mins read
Florida's climate exodus has already begun — and it's only going to get worse
Florida is the canary in the coal mine of climate change. Long-time residents are already fleeing, …