The "one big, beautiful bill" includes a new tax break for coastal elites. It's a deduction for up to $40,000 of state and ...

California Republicans were pleased that lower- and middle-income residents will be able to deduct more of their state and ...

The bill now faces a difficult test of making it through a Republican-controlled Senate with different preferences and ...

On May 22, the US House of Representatives passed a multi-trillion dollar bill that implements President Donald Trump’s ...

House Republicans have narrowly passed a comprehensive tax and spending package, a significant win for President Trump. The ...

The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.

New York's political leaders are trading barbs over a provision in President Donald Trump's "big, beautiful" budget bill that ...

Republicans brokered a deal for the tax bill after division on raising the SALT deduction cap from $10,000. Democrats call ...

The U.S. House of Representatives passed the "One Big Beautiful Bill Act" by a slim 215-214 vote on Thursday, igniting a ...

The House has passed the president’s tax bill. Now the Senate can make it less fiscally reckless.

Senate Republicans are staring down a collision course with the House as they weigh possible changes to the state and local tax (SALT) deduction cap as part of larger revisions to the party’s ...

Despite insisting for months they wanted green energy tax credits to be handled with a scalpel in their sweeping reconciliation measure, moderate Republicans ultimately accepted a sledgehammer ...