Congressional Republicans are moving quickly to pass a mammoth tax and spending cuts package that could have a direct impact on millions of Americans and drastic consequences for the economy.

Two potential New York gubernatorial challengers helped negotiate a federal provision to quadruple the contentious $10,000 cap on the amount taxpayers can deduct from their state and ...

The 'One Big Beautiful Bill Act' aims to increase the SALT deduction cap from $10,000 to $40,000, promising relief for ...

Democrats publicly blasted the Trump administration. Meanwhile, Republicans worked behind the scenes to keep some parks open ahead of Memorial Day.

The U.S. House of Representatives passed the “One Big Beautiful Bill Act” by a slim 215-214 vote on Thursday, igniting a ...

Recent SALT deduction changes mainly benefit married couples in high-tax states, raising questions about fairness and ...

Federal taxpayers in fiscally responsible states were subsidizing the excesses of states that refused to rein in their own ...

The version passed by the House increases that deduction limit to $40,000. The increase was a big point of contention for ...

The 1,116-page bill the House passed early Thursday morning to enact President Trump’s ambitious legislative agenda faces a ...

The House bill includes SALT cap increases, changes to Medicaid and SNAP and new rules to claim child tax credits.

The tax provisions of the House Republican reconciliation bill double down on the failures of the 2017 tax law, which was ...