Senate Republicans are rejecting an attempt to reverse a provision from their new tax law that changes the taxation of ...

President Donald Trump falsely claims the ‘biggest tax cuts ever’ while Democrats add in the impact of a Biden-era policy.

Lawmakers approved language that would implement a 90% cap on how much gamblers can deduct from their losses against winnings ...

The Senate also pulled out a change to the Pell Grant program, which provides federal aid to low-income students to attend ...

Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save ...

Republican Senator Joni Ernst has introduced an amendment to the U.S. Senate's tax and spending megabill that would change ...

The changes made to President Donald Trump’s big tax bill in the Senate would pile trillions onto the nation’s debt load ...

All eyes are now on the House after the Senate narrowly passed a major tax cut and spending bill that is the centerpiece of ...

While the two bills are similar on the major tax provisions, how they work out their differences in the coming weeks will ...

The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually ...

U.S. Senate Republicans on Monday unveiled proposed changes to President Donald Trump's sweeping tax-cut and spending bill that would make some business-related tax breaks permanent while making more ...

Senate Republicans late Friday night unveiled most of the legislative text for their mammoth tax and spending package as the ...