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Businesses Pounce as GOP Weighs Limiting Corporate SALT Break

Summary by Bloomberg
Business groups are mobilizing to squelch a plan gathering momentum among Republicans to curtail a heavily used federal income tax break that allows corporations to deduct state and local taxes.

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Businesses Pounce as GOP Weighs Limiting Corporate SALT Break

Business groups are mobilizing to squelch a plan gathering momentum among Republicans to curtail a heavily used federal income tax break that allows corporations to deduct state and local taxes.

·United States
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Accounting TodayAccounting Today

Businesses rally to defend corporate SALT break

Business groups are mobilizing to squelch a plan gathering momentum among Republicans to curtail a heavily used federal income tax break that allows corporations to deduct state and local taxes.

Read Full Article
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Bloomberg broke the news in United States on Friday, April 4, 2025.
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