Raising the SALT Cap in the OBBB: A Blue State Bailout?
President Donald Trump’s “One, Big, Beautiful Bill” passed the U.S. House of Representatives on May 22, but its long-term implications are far from settled. The bill ties together a wide range of policy issues: reform of SNAP benefits, Medicaid, tax-free tips, tax-free overtime pay, and notably, a raise of the State And Local Tax (SALT)