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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 ...

President Donald Trump’s big bill making will cut taxes by $3.7 trillion but also increase deficits by $2.4T over the next ...

NFIB also applauded the U.S. House of Representatives’ passage of the One Big Beautiful Act and said Congress has a historic opportunity to provide over 33 million small-business owners with permanent ...

A new report is just the latest reminder that people do not like to pay taxes, especially when they do not see the benefits.

The new tools include an interactive map that allows users to explore how extending the Small Business Deduction would power ...

On the other end of the spectrum was California, which lost 1.6 million residents from 2011 to 2021, resulting in a $4.5 billion revenue loss. New York followed, seeing a $3.8 billion revenue lost in ...

This sustained success is no accident: Utah’s leaders have consistently championed pro-taxpayer reforms, from enacting flat personal and business income taxes to keeping property tax burdens in ...

The revised text would also reduce itemized deductions for certain taxpayers in the 37% income tax bracket, which could lower the benefit of the higher SALT cap. For 2025, the top rate of 37% ...

One of the thorniest issues in negotiations had been how much to raise the state and local tax deduction, now capped at ...

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