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.

The bill, ushered through Congress by Republican leadership and signed by Trump Friday, includes $4.5 trillion in tax cuts, ...

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 ...

The Senate advanced Trump’s priorities, which Republicans have been calling the One Big Beautiful Bill. Here’s how it could ...

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 ...