One big debate over the bill was for SALT, or State and Local Tax, deductions. SALT currently lets people deduct $10,000 from ...

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 ...

California Republicans were pleased that lower- and middle-income residents will be able to deduct more of their state and ...

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

There’s a bit of 2017 déjà vu for the GOP Congress member, with one big difference: He’s in a safe district now.

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

Some tax relief for the wealthy and tipped workers is overshadowed by billions in public benefits cuts poised to force New ...

The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.

Senate Republicans are staring down a collision course with the House as they weigh possible changes to the state and local tax (SALT) deduction cap as part of larger revisions to the party’s ...

House Republicans unveiled a multibillion-dollar tax and spending package on Thursday that could have a profound impact on household finances. If passed, the legislation, called th ...

Estimates by the Kiel Institute for the World Economy, a German economic research institute, showed that the tariffs would ...