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The parliamentarian ruled the proposal is outside of the scope of the fast-track budget process for implementing a $4.2 trillion tax cut.
June 24 -
New estimates from the Congressional Budget Office incorporate the broader impact the legislation would have on the economy and federal budget.
June 18 -
President Trump expressed optimism that lawmakers could reach a compromise on the state and local tax deduction, a sticking point in his "One Big Beautiful Bill."
June 18 -
The provision would allow energy companies subject to a 15% corporate alternative minimum tax to deduct certain drilling costs when calculating taxable income.
June 17 -
Businesses and rich universities scored wins in the Senate version of Trump's tax bill, while low-income Americans and clean energy providers were hit hard.
June 17 -
President Donald Trump and his allies are pursuing an alternative strategy to defend against mounting court orders blocking his policies: Raise the financial stakes for those suing the administration.
June 16 -
The House version of the massive tax and spending bill would deliver a financial blow to the poorest Americans but be a boon for higher-income households.
June 13 -
The sale of federal land would provide billions of dollars to help pay for the massive package of tax cuts in the Senate's version of the bill.
June 12 -
The Senate is considering a plan to save a lucrative tax credit for the production of hydrogen that would be scrapped in the tax mega bill passed by the House.
June 11 -
A plan to sell thousands of acres of federal land to help pay for the massive package of tax cuts will be returning in the Senate's version of the bill.
June 5
