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For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state and local governments from their taxable income. This federal deduction for state and local taxes — the SALT deduction,
The House Ways and Means Committee will meet Tuesday to consider the plan. Here's what's currently included for individuals.
Tax breaks tallying more than $5 trillion. But also sizable reductions in Medicaid health care, food stamps for older Americans and green energy strategies to fight climate change.
The rule ban would benefit many of the nation’s largest tech companies. Meanwhile, at least 45 states and Puerto Rico have introduced 550 AI bills.
House Republicans’ release of the tax provisions in their massive fiscal bill provides a crucial initial reading of what party leaders think could pass, culminating weeks
The House Ways and Means Committee on Monday released a fuller version of its part of the party’s bill full of President Trump’s legislative priorities, kicking off what is expected to be a
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A proposal by Republicans in Congress would allow President Donald Trump's administration to remove the tax-exempt status of nonprofits that it says support terrorism.
U.S. Rep. Don Bacon was the only Republican to oppose a bill to codify Trump’s order to change the name of the Gulf of Mexico to the Gulf of America.
The tax portion of Republicans’ wide-ranging bill full of President Trump’s domestic priorities would cost $3.7 trillion over the next decade, the Joint Committee on Taxation (JCT)
Three key panels are set to address some of the thorniest issues poised to make or break the GOP's massive bill for Trump's agenda.