U.S. Rep. Young Kim, R-Anaheim, helped lead the fight to increase the federal deduction for state and local income taxes. A Senate plan to keep the cap at $10,000 has drawn opposition from lawmakers in high-tax states like California. Leonard Ortiz TNS

U.S. Senate Republicans on Monday proposed a tax bill that would extend a clean fuel tax credit through 2031, but trim 20% of the value of the credit for biofuels made from feedstocks produced outside of the United States.

The Senate’s version of a bill to enact President Trump’s agenda goes further than a House-passed bill to reduce Medicaid spending, according to GOP aides familiar with the legislation. GOP aides

The Senate Finance Committee version of the Republicans’ budget megabill would delay the end of some tax incentives from the Democrats’ climate law, according to text released

Republicans must overcome intraparty divides to get legislation to Trump’s desk by July 4 target.

The Ohio Senate’s version of the state budget bill would change the way Ohio students learn math. Ohio schools’ math and reading scores on state tests dropped significantly during the COVID pandemic. Unlike reading, however, the state has not been focused on improving math scores in the same way that they’ve pushed for reading improvements.

The Senate kept a controversial provision that experts say threatens the enforcement of court orders in package of Trump's legislative priorities.

The U.S. Senate may soon pass the GENIUS act, a bill to regulate stablecoins. Here’s what that could mean for the future of asset-backed cryptocurrencies.