SALT

The Senate's sweeping climate, health care and tax bill keeps limit on SALT tax deductions. House Democrats who oppose the cap plan to support the bill anway.

CORRECTION: Seven Democrats voted for the GOP amendment that would extend a cap on the SALT tax deduction. A previous version of this story included incorrect information. Maverick Sen. Kyrsten Sinema (D-Ariz.) on Sunday backed a Republican amendment to shield businesses that rely on capital investment from private equity groups from the 15 percent corporate minimum…

It’s winter in Michigan, and with it come loads and loads of road salt.

Spraying salt onto roads is a safety measure. stoatphoto/Shutterstock.comBrrr … it’s cold out there! Children are flocking to the television in hopes of hearing there will be a snow day; the bread and milk aisles at grocery stores are empty because of an impending snow storm; and utility trucks are out spraying salt or salt water on the roads. We all know why the first two happen – kids are excited for a day off of school filled with hot chocolate and snowmen. Adults are stocking up on necessiti

Throughout the state today, people were digging out, clearing driveways, and working to get things back to normal. We’re also seeing the kindness of neighbors shining through by helping seniors who can’t get out and shovel the snow themselves.

All is quiet in the Monroe plow shed, but they will soon start putting the blades on within the next few minutes. Some trucks were salting the streets as they waited for temperatures to drop when rain turns into ice.

Winter has arrived in Michigan, and with it, loads and loads of road salt. It’s terrible for the environment. What can we do about it?

Many are bracing for a storm that is guaranteed to bring in multiple inches of snow in the next few days.

Build Back Better may still include changes to the $10,000 SALT limit, despite reports the measure may be out.

Most Americans are consuming far too much sodium, but it’s not coming from the salt shaker.

Congressman Bennie Thompson, the chairman of the House committee investigating the January 6 attack, says the panel has "had conversations" with former Attorney General William Barr.

Patrick Gaspard, president of the Center for American Progress, joins Hell & High Water with John Heilemann to discuss Senate Majority Leader Schumer’s attempts to pass filibuster reform and voting rights legislation.

Road commissions in Metro Detroit are mobilizing to deal with what is likely going to be some sloppy road conditions.

Those who need the mixture can pick up five gallons at a time for free from seven locations around Tree Town.

A poem for Sunday

As Congress wrestles over changes to the SALT cap, nearly 20 states now offer workarounds for pass-through businesses. Here’s what filers need to know.

House Democrats' spending package boosts the limit on the deduction for state and local taxes to $80,000 through 2030.

A Trump-era tax provision has hit high-earning coastal states the hardest, now some Democrats want it gone.

This week Help Me Hank has been working to find solutions as the nation faces supply shortages and big shipping delays.

Key Democrats are still fighting to change the $10,000 cap on the federal deduction for state and local taxes. Here's what to know.

The Food and Drug Administration is taking new steps to try to lower the amount of salt Americans take in on a daily bases.

Steve Burns finally has explained what really happened when he abruptly departed the Nick Jr. show “Blue’s Clues” in 2002, leaving many viewers upset at the time. The original host of the 1990s Nickelodeon series appeared in a video posted to the Nick Jr. Twitter account Tuesday in time for the show’s 25th anniversary this year. Burns, who wore nearly the same outfit he dressed up in while he hosted the show, said that he left the show to attend college. “I mean, we started out with clues and now, it’s what?” Burns said. I know you know.”

Just ahead of the show’s anniversary, Nick Jr. posted a video of Steve Burns — green striped shirt and all — to Twitter.

Congressional liberals have gone silent as Democrats have moved toward raising the cap on federal tax deductions for paid state and local taxes, a move that would result in large tax cuts for the wealthy.

Some states now offer pass-through business owners a workaround for the $10,000 cap on the state and local tax deduction. Here's what taxpayers need to know.

Understanding when and how to reduce salt in cooking is both a matter of flavor and function.

A bipartisan proposal would let people wait until they’re 75 to begin taking (federally taxable) distributions from their retirement accounts. It would really only help a small share of well-off people.

A politically fractious debate over a cap on deductions for state and local taxes has special relevance in high-tax states like Illinois

Gov. Andrew Cuomo privately called on business leaders to stay in New York and lobby lawmakers to remove the cap on SALT deductions.

Black families are 42% less likely and Hispanic families are 33% less likely than white ones to benefit from a SALT cap repeal, according to a study.

According to Rep. Josh Gottheimer, D-N.J., striking the $10,000 cap on state and local tax deductions could be paid for by increased IRS audits.

The Department of Justice announced today that Stone Canyon Industry Holdings LLC (Stone Canyon) and its portfolio company SCIH Salt Holdings Inc. (SCIH), which was previously named Kissner Group Holdings LP, will divest their entire evaporated salt business in order to proceed with their proposed acquisition of Morton Salt Inc. (Morton), among other assets. The department said that without the divestiture, the proposed acquisition would substantially lessen competition in the sale of several types of evaporated salt, including round-can table salt, pharmaceutical-grade salt, and bulk evaporated salt. “Americans use and depend on evaporated salt products every day for nutritional, medical and cleaning purposes,” said Acting Assistant Attorney General Richard A. Morton is the largest branded supplier of this pantry staple in the United States, and US Salt is the largest supplier of private-label round-can table salt in the United States. The proposed settlement will fully preserve the competitive landscape that exists in these evaporated salt markets today, as US Salt constitutes Stone Canyon’s and SCIH’s entire business that competes in the sale of evaporated salt products, including round-can table salt, pharmaceutical-grade salt, and bulk evaporated salt.

A bipartisan group of House members aims to repeal the $10,000 cap on state and local tax deductions, and some want to do so as part of the infrastructure bill.

A new coronavirus relief bill has been proposed and it will restore a big chunk of the state and local tax deduction for two years. Tucked away in the bill is a measure that will reinstate the so-called SALT itemized deduction for 2020 and 2021. New Yorkers who itemized deductions in 2017 and claimed a SALT write-off took an average deduction of $23,804, according to the Tax Policy Center. Observers don't think easing the SALT cap is likely to go anywhere. "Repealing the SALT cap?

Capitalism will become more "compassionate" as a result of the coronavirus pandemic, billionaire entrepreneur Mark Cuban said Wednesday. "I think capitalism is going to become a lot smarter and a lot more compassionate because of what we're going through," Cuban said on CNBC's "Closing Bell." Cuban, owner of the NBA's Dallas Mavericks, said he thinks executives will now recognize that they need to put employees first. "Everybody felt the risk of what was happening politically, and the threats, seeing the same surveys about Gen Z and millennials liking socialism as much as they liked capitalism," Cuban said. Cuban has been outspoken in recent weeks as the coronavirus pandemic intensified.

It also calls for the elimination of the SALT cap in 2020 and 2021. The 2018 overhaul of the tax code placed the $10,000 cap on SALT deductions. Costly on the coastsSan Francisco Compassandcamera | Getty ImagesNew York, New Jersey and California are among the states where taxpayers are feeling the brunt from the $10,000 SALT cap. Among New Yorkers who itemized in 2017, the average SALT deduction claimed was $23,804, according to the Tax Policy Center. Controversy over the SALT cap also has spurred litigation by the affected states.

New York, New York E+ | Getty ImagesThere are three weeks left in the year, and House Democrats are taking a last shot at ending the $10,000 limit on state and local tax deductions. The overhaul of the tax code, which went into effect in 2018, imposed a $10,000 limit on state and local tax deductions that itemizers could claim on their federal tax return. The proposed legislation also calls for the elimination of the SALT cap in 2020 and 2021. Among New Yorkers who itemized in 2017, the average SALT deduction claimed was $23,804, according to the Tax Policy Center. The IRS and Treasury blocked the workarounds in June, saying the receipt of a state or local tax credit in return for the contribution would be a "quid pro quo."

Moody's decision to downgrade India's ratings outlook was "erroneous," veteran emerging markets investor Mark Mobius said on Wednesday. Mobius, who has long been bullish on India, said he doesn't agree with the ratings agency's assessment that the country's growth will be subdued. Moody's said the change in its outlook for India's ratings from "stable" to "negative" partly reflected lower government and policy effectiveness in addressing weaknesses in the economy. "I think Moody's call was erroneous, I don't think it was called for because I see tremendous growth coming in India going forward ... The economists said in a report last week that they see the present slowdown in India "as cyclical rather than structural, as Moody's indicates."

Anthony Scaramucci, former director of communications for the White House and founder of SkyBridge Capital LLC, speaks during the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada, U.S., on Wednesday, May 8, 2019. American CEOs want more clarity from President Donald Trump on China so they can better plan their business spending needs, former White House communications director Anthony Scaramucci told CNBC on Thursday. "Preparation and planning are the hallmarks of winning a war," Scaramucci said in a "Squawk Box" interview. "They care less about the people on the ground than we would because they don't stand for election," said Scaramucci. "The White House should really tell people what the plan is," said Scaramucci, founder of the Skybridge Capital hedge fund.