The California Avocado Commission's 2025 consumer media plan, which launched on April 1, 2025, features a strategic mix of advertising across television, digital, streaming, audio and out-of-home platfo...
Posts from May 27th, 2025
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May
27
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Interest Rates 5/27/2025
Current mortgage rates are variable and depend on factors like loan type and individual creditworthiness. However, as of today, May 27, 2025, here's a general overview:
May
27
27
House narrowly passes tax-focused reconciliation package
The U.S. House of Representatives has passed its reconciliation package—including a wide-ranging tax reform plan—by a razor-thin margin of 215–214.
Included in the bill is a notable improvement to the State and Local Tax (SALT) deduction cap, raising it to $40,000 for individuals and married couples below certain income thresholds. Although the expanded deduction phases out beginning at $505,000 of income, it represents meaningful progress over the current $10,000 cap. This targeted relief reflects growing momentum in Congress to revisit SALT policy, with strong leadership from lawmakers in high-cost states—particularly California Congresswoman Young Kim, a key advocate for this provision and a leading voice on behalf of the SALT Caucus.
While the bill features a range of tax provisions for individuals and businesses, it falls short in addressing several long-standing REALTOR® priorities. Notably absent are proposals to increase the capital gains exclusi...