Spanning 1,116 pages, the 'One Big Beautiful Bill Act' aims to reshape U.S. economic policy by extending tax cuts, reducing ...

Days before Republicans unveiled their sweeping tax cut plan, the chairman of the powerful Ways and Means Committee had one ...

A new bill backed by House Republicans wants to extend the higher child tax credit President Trump instituted in 2017. The ...

Despite the White House's promotion of its tax and spending bill as beneficial, nonpartisan analyses and data from the ...

Five Republicans joined all Democrats to reject the GOP's tax and spending package in a House Budget Committee vote.

Moody's downgrade of the U.S. sovereign credit rating has elicited mixed responses among Republicans in Congress, with some ...

House Democrats oppose significant Medicaid cuts, while Republicans rejected the bill, arguing it should include deeper ...

A Republican tax proposal could give people age 65 and older an additional deduction of $4,000 in a "senior bonus" that would ease the tax burden on older adults - although it would not end taxes on ...

With much of President Donald Trump’s agenda hinging on the “big, beautiful” budget bill, Republicans in Congress are . . .

Under the proposed Republican budget bill, House Republicans are aiming to slash billions in clean energy subsidies enacted ...

A SALT exclusion is different from a deduction. In a deduction, the money you spend on state and local taxes is deducted from your taxable income. So it will only partially reduce your federal tax ...

The Moody’s ratings agency downgraded U.S. creditworthiness on Friday from the triple-A category to double-A, as Republicans work to pass a massive tax-and-spending cut bill that would add nearly ...