Johnson Says Agreement Reached on Raising SALT Cap to $40,000

Published on May 21, 2025

The agreement suggests a resolution to one of the final issues holding up President Donald Trump's economic bill.

       
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Senate Passes No Tax on Tips Act

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The bill, which unanimously passed the Senate, would exempt American workers' tipped wages from federal income tax.      Related StoriesTrump Pushes SALT Republicans to Abandon Further Cap HikeIRS Posts Individual Ruling on an Inherited Retirement AnnuityJudge Rejects $40M Class-Action Settlement in Vanguard Target-Date Selloff Case

Owner Disclosure Under the New York LLC Transparency Act

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