The greatest benefits would go to high-income households, while low-income families would see a much more modest boost, analyses show.

The Republican tax bill proposal is sparking intense debate as it moves through the House. While Republicans tout its benefits for taxpayers and businesses, Democrats criticize it as a boon for the wealthy.

The GOP's tax bill proposal, advancing through the House committees, presents a complex landscape of beneficiaries, largely depending on income levels and political perspectives.

Behind the GOP's populist facade lies a tax plan that would benefit corporations and wealthy households while cutting Medicaid and SNAP.

Lawmakers are debating two proposals in the latest reconciliation bill that could dismantle the philanthropic sector, a sharply tiered excise tax on private foundation investment income and a

The American Institute of CPAs is concerned about a provision in the tax reconciliation bill limiting deductibility of state and local taxes paid by firms.

House Republicans recently unveiled a sweeping tax plan that included a key promise from President Donald Trump’s campaign trail: no tax on tips. Polling suggests it’s a popular idea across ...

By contrast, for seniors the latest version of the House bill has one notable omission: There's no plan to eliminate taxes on Social Security income, as Mr. Trump promised in his campaign.