New York GOP Rep. Nick LaLota drew the first line, stating that he would oppose any changes to the legislation if the Senate ...

President Donald Trump told Senate Republicans he is open to a state and local tax deduction cap lower than the $40,000 in the House-passed version of his giant tax bill, a person familiar with the ...

Problems are multiplying for Senate Majority Leader John Thune (R-S.D.) and other Senate negotiators in their bid to pass legislation to enact President Trump’s agenda by July 4. Some Republican ...

The House-passed legislation extends the Trump 2017 tax cuts, boosts spending for the military and border security -- while ...

His private comments to Senate Republicans suggest the benefits for taxpayers in high-tax places could be pared back from the ...

Two weeks after President Donald Trump's sweeping tax bill passed the House with razor-thin margins, the Senate has begun to tinker with the legislation's architecture. Some are now warning that ...

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 ...

Senate Republicans plan to lower the SALT cap, which limits how much earners can deduct for state and local taxes.

The tax deduction was crucial to getting the bill through the House. Senate action would set up a showdown with blue state ...

Despite efforts by House Speaker Mike Johnson to alleviate Musk’s concerns over the One Big Beautiful Bill Act, Musk ...

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