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Congress · 117th Congress

Democrats’ ‘SALT’ headache hangs over budget reconciliation bill

Taxes would climb more widely in 2026, when the individual cuts from the 2017 GOP tax law are set to expire and the SALT cap would be extended under Democrats’ plan.

By Lindsey McPherson and Laura Weiss

November 16, 2021

Congress · 116th Congress

Democrats prepare to duel McConnell over year-end wish list

However, full expensing starts to phase out in 2023 and ends after 2026. After that, the depreciation schedule reverts to seven years. Very few horses race more than three years, Barr said.

November 20, 2019