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Harvard Wins Reprieve, SALT Stalls: Tax Bill Winners and Losers
US businesses and wealthy universities scored major wins in the Senate Republicans’ version of President Donald Trump’s tax bill, while low-income Americans and clean energy providers are poised to be hit the hardest.
The Bond Buyer1h
Senate Finance bill shields tax-exempt bonds, leaves SALT debate on table
The Senate needs 51 votes to pass the bill, which has already sparked opposition from moderate and conservative Republicans.
SALT the big question mark as Senate gears up to release tax plan
The SALT cap has been perhaps the most vexing policy consideration for the Senate’s GOP tax writers. The current $10,000 SALT cap was imposed as part of President Donald Trump’s 2017 tax cuts. Now, Republican House members in high-tax states have enough leverage to raise that threshold.
Senate GOPs carefully weighing controversial tax provisions before bringing Big, Beautiful Bill to the floor
Big, Beautiful Bill timeline in jeopardy as Senate vote delays to June 22, leaving a tight window for House approval before the Treasury's early July debt ceiling deadline
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