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 ...

Congress faces pressure to refine tax policy by eliminating ineffective deductions and securing permanent tax cuts to help ...

The House passed its version of Trump’s "One Big, Beautiful Bill." Here’s what to look for as Senate Republicans take up the mega legislation.

As the Senate considers next steps for the House-passed “big, beautiful” tax bill, the battle lines have been drawn for a ...

The House's nearly $4 trillion tax package is set for a makeover in the Senate starting this week when lawmakers return to ...

On May 22, 2025, the House passed the legislation entitled “The One Big Beautiful Bill” (the “BBB”). The BBB makes permanent, extends and, in ...

Taxpayers in states like New York could save more under the new $40,000 SALT deduction cap. Here's how it would work.