Trump as president signed a bill that caps the federal income tax deduction for state and local property taxes at $10,000.

Senate Republicans are showing little indication they’re willing to make former President Donald Trump’s campaign promise to repeal his own limit on state and local tax deductions a reality. Known simply as SALT,

Former President Donald Trump indicated Tuesday that he would reverse a controversial provision of his 2017 tax cut package that limited Americans’ ability to deduct state and local taxes on their federal returns.