whose 2025 cap hit of nearly $51.5 million necessitates some sort of action. The 11-year veteran has already shot down the possibility of a pay cut, and he also holds a no-trade clause in his ...

A SALT cap repeal would ... deduction would cut 2025 taxes by an average of more than $140,000 for the highest-income 0.1 percent of families but provide little or no help to low- and middle ...

If no action is taken, the SALT cap and other provisions of the act would expire by the end of the year, allowing residents to fully deduct their state and local tax deductions again, Gleckman said.