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Legislative Progress
Introduced
February 25, 2022
Latest Action
February 28, 2022
Primary Sponsor
Tom MalinowskiDemocratic(NJ)
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
59pct
3d open
vs 9,698 other HR bills in the 117th — cohort avg 63d
Supporting Americans with Lower Taxes Act or the SALT Act This bill modifies the limitation on the tax deduction for certain state, local, and foreign real and personal property taxes. Specifically, the bill denies a tax deduction for foreign real property taxes to any individual taxpayer with an adjusted gross income that equals or exceeds $400,000. It also limits the deduction for the aggregate amount of other state and local taxes and sales taxes for such taxpayers to $60,000 in a taxable year. The bill transfers revenues from this bill to a Medicare Vision and Hearing Trust Fund to provide vision and hearing benefits under the Medicare program.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (3)
2022 · fourth_quarter · Taxation/Internal Revenue Code
Public Law 117-328, Consolidated Appropriations Act, FY2023, Child Tax Credit; SALT issues H.R.8558, Billionaire Minimum Income Tax Act, Entirety H.R.6847, Supporting Americans with Lower Taxes Act "SALT Act", Entirety S.1157, Tax Fairness for Workers Act, Entirety Public Law 117-169, Inflation Reduction Act, SALT related issues S.4192, No Tax for Union Busting (NTBUB) Act, Entirety Monitor the following: H.R.7502, Babies Over Billionaires Act, Entirety Teacher Tax Deductions Public Law 117-169, Inflation Reduction Act, IRS Enforcement; Stock Buybacks; Corporate Profits Minimum Tax (CPMT); Child Care Tax Credits; Carried Interest; Stepped up basis; International tax reform provisions; Corporate rate; Capital gains; and Clean Energy tax credits/Direct Pay Public Law 117-2, American Rescue Plan Act of 2021, Child Tax credit Capital gains tax related issues
Referred to the Subcommittee on Health.
Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: $380,000 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Taxation/Internal Revenue Code
HR 1785, S 714- International tax incentives for outsourcing and rates, No Tax Breaks for Outsourcing Act HR 2576, S 994- Estate Taxes, For the 99.5% Act S 510, HR 1459- Ultra-millionaire Tax Act of 2021 HR 3805, S 2028- Millionaires Surtax Act HR 2617, HR 1068, S 1598- Carried interest tax loophole HR 7502- Babies Over Billionaires Act HR 8558- Billionaire Minimum Income Tax Individual taxes- Surtax, increase rates on high income, raise top rate to 39.6%, close loopholes, Mark to Market Corporate tax- higher rates, close loopholes, raise revenue S 2680, HR 4940- Corporate tax- Minimum rate (e.g. 15%), Real Corporate Profits Tax Act of 2021 HR 6847- Individualized itemized tax deduction for SALT, Supporting Americans with Lower Taxes Act (SALT Act) Earned Income Tax Credit (EITC), Child Tax Credit (CTC) HR 2549, S 1157- Tax Fairness for Workers Act, Individual tax deduction for union dues S 4192, HR 8448- No Tax Breaks for Union Busting Act General Business Tax Credits refundability Tax Extenders General, R & D Tax Credit, Refundable NOL Carryover Opportunity Zone Reform Act S 4508, HR 8368- Simplifying Federal Tax Filing Procedures, Tax Filing Simplification Act
Client expense: $540,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Taxation/Internal Revenue Code
H.R.7502, Babies Over Billionaires Act, Entirety H.R.8558, Billionaire Minimum Income Tax Act, Entirety H.R.6847, Supporting Americans with Lower Taxes Act "SALT Act", Entirety S.1157, Tax Fairness for Workers Act, Entirety Public Law 117-169, Inflation Reduction Act, SALT related issues Monitor the following: Teacher Tax Deductions Public Law 117-169, Inflation Reduction Act, IRS Enforcement; Stock Buybacks; Corporate Profits Minimum Tax (CPMT); Child Care Tax Credits; Carried Interest; Stepped up basis; International tax reform provisions; Corporate rate; Capital gains; and Clean Energy tax credits/Direct Pay Public Law 117-2, American Rescue Plan Act of 2021, Child Tax credit Capital gains tax related issues Untaxed gains/millionaires income tax proposals, including Biden FY2022 Budget
Client expense: $370,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Taxation/Internal Revenue Code
Monitor the following: H.R.6847, SALT Act, SALT related issues Public Law 117-169, Inflation Reduction Act, generally
Client expense: Not reported · Firm income: $60,000
2022 · second_quarter · Taxation/Internal Revenue Code
H.R.7502, Babies Over Billionaires Act H.R.6847, Supporting Americans with Lower Taxes Act "SALT Act", Entirety S.1157, Tax Fairness for Workers Act, Entirety Reconciliation bill Child Tax Credits, Carried interest, Stepped up basis; and SALT related issues Monitor the following: Teacher Tax Deductions Reconciliation bill, IRS Enforcement; Stock Buybacks; Corporate Profits Minimum Tax (CPMT); Child Care Tax Credits; International tax reform provisions; Corporate rate, and Capital gains Public Law 117-2, American Rescue Plan Act of 2021, Child Tax credit Capital gains tax related issues Untaxed gains/millionaires income tax proposals, including Biden FY2022 Budget
Client expense: $350,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · second_quarter · Taxation/Internal Revenue Code
Monitor H.R.6847, SALT Act, SALT related issues
Client expense: Not reported · Firm income: $60,000
2022 · second_quarter · Taxation/Internal Revenue Code
Biden Made in America Tax Plan Billionaires Surtax, various proposals Windfall Elimination Tax proposals HR 5376, HR 1785, S 714- international tax incentives for outsourcing and rates No Tax Breaks for Outsourcing Act HR 5376, HR 2576, S 994- Estate Tax Reform For the 99.5% Act HR 5376, S 510, HR 1459- Ultra-Millionaire Tax Act of 2021 HR 3805, S 2028- Millionaires Surtax Act HR 5376, S 2617, HR 1068, S 1598- Carried interest tax loophole various bills- Taxing Millionaires and Billionaires various bills- Corporate Tax Reform Earned income tax credits, child tax credits HR 2549, S 1157- Individual tax deduction for union dues S 4192- No Tax Breaks for Union Busting Act S 3701- Social Security 2100: A Sacred Trust, GPO/WEP HR 2337- Public Servants Protection and Fairness Act of 2021 HR 7502- Babies over Billionaires Act Billionaire Minimum Income Tax Deemed realization (1 time) at death/transfer for large assets (e.g. >$1B) HR 2286- Deemed Realization of capital gains HR 5376, HR 1116- Increase funds for IRS for tax enforcement and services HR 1200, S 1857, S 1788- IRS Enhancement and Tax Gap Reduction Act of 2021; Stop CHEATERS Act; Restoring the IRS Act S 1652- Paying a Fair Share Act Individual taxes- Surtax, increase rates on high income, return top rate to 39.6%, close loopholes, Mark to Market Close NIIT and SECA tax loopholes- use revenue for Medicare Corporate tax- higher rates, close loopholes, raise revenue, Minimum tax (e.g. 15%) S 2680, HR 4940- Real Corporate Profits Tax Act of 2021 HR 6847- Individual itemized tax deduction for SALT, Supporting Americans with Lower Taxes (SALT) Act Tax Fairness for Workers Act General Business Tax Credits refundability Tax extenders, R&D Tax Credit, Refundable NOL Carryover Opportunity Zone Reform Act Simplifying Federal Tax Filing Procedures, Tax Filing Simplification Act HR 3802, HR 7061- Big Oil Windfall Profits Tax Space Tax Act
2022 · first_quarter · Taxation/Internal Revenue Code
Biden Made in America Tax Plan Paid Family Medical Leave Billionaires Surtax- various proposals HR 5376- Income tax on extremely high incomes; Billionaires Income Tax; Babies Over Billionaires Act (Deemed realization on individuals with sizable assets or large unrealized capital gains) S 3701- WEP/GPO; Windfall Elimination Tax; Social Security 2100: A Sacred Trust HR 5376, HR 1785, S 714- International tax incentives for outsourcing and rates; No Tax Breaks for Outsourcing Act HR 5376, HR 2576, S 994- Estate Taxes, For the 99.5% Act HR 5376, S 510, HR 1459- Ultra-Millionaire Tax Act of 2021 HR 3805, S 2028- Millionaires Surtax Act HR 5376, S 2617, HR 1068, S 1598- Carried interest tax loophole Deemed realization (one-time) at death or transfer for large assets (e.g. <$1,000,000,000) HR 2286- Deemed Realization of capital gains HR 5376, HR 1116, HR 1200, S 1857, S 1788- Increased federal funding of IRS to strengthen tax enforcement and services; IRS Enhancement and Tax Gap Reduction Act of 2021; Stop CHEATERS Act; Restoring the IRS Act 28% cap on value of individual itemized deductions 20% deduction for business owners' pass through income to individual taxes S 1652- Paying a Fair Share Act Individual taxes: Surtax; increase rates on high income; return top rate to 39.6%; close loopholes; Mark to Market Close NIIT and SECA tax loopholes and delicate revenue to fund Medicare Corporate tax- higher rates; close loopholes; raise revenue; minimum rate (e.g. 15%) S 2680, HR 4940- Real Corporate Profits Tax Act of 2021 HR 6847- Individual tax itemized deduction for state and local taxes (i.e. SALT) Supporting Americans with Lower Taxes Act (SALT Act) Earned income tax credits, child tax credits HR 2549, S 1157- Tax Fairness for Workers Act, Individual tax deduction for union dues General Business Tax Credits refundability Tax extenders generally, R&D Tax Credit, Refundable NOL Carryover Opportunity Zone Reform Act HR 2337- Public Servants Protection and Fairness Act of 2021 Simplifying Federal Tax Filing Procedures S 3802, HR 7061- Big Oil Windfall Profits Act Space Tax Act
2022 · first_quarter · Taxation/Internal Revenue Code
H.R.6847, SALT Act, SALT related issues
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES
| Democratic |
| CA |
| Mike Levin | Democratic | CA |
| Mondaire Jones | Democratic | NY |
| Sean Casten | Democratic | IL |
| Ted Lieu | Democratic | CA |
Client expense: $510,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office
Client expense: $590,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office