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Search results for "SALT"
02:43

Republican senators consider setting SALT cap in Trump tax law

Jin10 Data reported on June 12 that a key Republican negotiator indicated that Republican senators are considering setting a $30,000 cap on State and Local Tax (SALT) deductions as a compromise between the current law and the more generous limits in the House version of the Trump tax law. Moderate Republican Senator Thom Tillis, who is involved in the negotiations, stated that Republican senators are trying to reduce the $40,000 SALT cap passed by the House to at least $30,000.
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00:14

US Senator Cynthia Lummis: The legislative window for encryption is shrinking, but some bills may still be passed this year.

U.S. senators say that 2024 will be the time window for encryption legislation to pass, and some bills may still be passed this year. Senators are calling for more support for the encryption industry's interests from the Republican Party than the Democratic Party, and may establish a digital asset subcommittee to promote the passage of relevant legislation.
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