Among the most significant and debated modifications is the change to the state and local tax (SALT) deduction. This ...

Estimates by the Kiel Institute for the World Economy, a German economic research institute, showed that the tariffs would ...

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 ...

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

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

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

There’s a bit of 2017 déjà vu for the GOP Congress member, with one big difference: He’s in a safe district now.

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

Senate Republicans say they’re going to rewrite the 1,116-page bill the House narrowly passed Thursday to enact President Trump’s agenda. Speaker Mike Johnson (R-La.) urged GOP senators at a ...

House Republicans unveiled a multibillion-dollar tax and spending package on Thursday that could have a profound impact on household finances. If passed, the legislation, called th ...

Some tax relief for the wealthy and tipped workers is overshadowed by billions in public benefits cuts poised to force New ...

There are as many factions among Republicans in the upper chamber as in the House. Both chambers have to agree on the final ...