The high-tax states aren’t represented by Republicans in the Senate, and the bill is predicted to be extremely costly.

President Donald Trump told Senate Republicans he is open to a state and local tax deduction cap lower than the $40,000 in ...

In a closed-door discussion with GOP senators, the president indicated that Senate Republicans could raise the cap from the ...

Just as President Donald Trump’s sweeping tax bill passed the House with razor-thin margins, the Senate has begun to tinker ...

As the House Republicans pass President Donald Trump’s sweeping tax bill, businesses may face drastic changes if approved by the Senate. The House GOP’s ‘One Big Beautiful Bill Act ’ would raise the ...

The House of Representatives passed its version of the fiscal year (FY) 2025 budget reconciliation bill on May 22 by the narrow margin of 215 to 214, with one Member voting present. The bill, titled ...