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.

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.

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

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

SALT allows taxpayers to deduct state and local taxes, including property tax, from their federal tax bill if they itemize ...

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

The bill retains the current tax rates while including NAR-supported provisions, including a qualified business income ...

The House launched debate before midnight and by sunrise the vote was called, 215-214, with Democrats staunchly opposed. It ...