Thu, May 22, 2025
Wed, May 21, 2025
Tue, May 20, 2025
[ Tue, May 20th ]: WJHG
Time Travel Tuesday
Mon, May 19, 2025
Sun, May 18, 2025
Sat, May 17, 2025
Fri, May 16, 2025
Thu, May 15, 2025
[ Thu, May 15th ]: fox6now
Expert travel advice
Wed, May 14, 2025
Tue, May 13, 2025

New York Republican floats higher tax rate to pay for SALT

  Copy link into your clipboard //travel-leisure.news-articles.net/content/2025/ .. ican-floats-higher-tax-rate-to-pay-for-salt.html
  Print publication without navigation Published in Travel and Leisure on by Fortune
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  "The One Big Beautiful Bill has stalled — and it needs wind in its sails," New York Representative Nick LaLota posted Saturday on X.

- Click to Lock Slider
The article from Fortune, published on May 17, 2025, discusses a proposed Republican plan to increase tax rates for high-income earners while simultaneously expanding the State and Local Tax (SALT) deduction. This proposal, dubbed the "Big Beautiful Bill" by former President Donald Trump, aims to address fiscal challenges by targeting wealthier individuals. The plan suggests raising the top marginal tax rate and adjusting the SALT deduction cap, which was previously limited to $10,000 under the Tax Cuts and Jobs Act of 2017. The article highlights the political and economic implications of these changes, noting that they could significantly impact taxpayers in high-tax states and potentially reshape the GOP's tax policy approach.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/17/republican-higher-tax-rate-salt-deduction-trump-big-beautiful-bill/ ]

Similar Travel and Leisure Publications