Erik Wasson

President Trump is pushing lawmakers to increase tax rates on some of the wealthiest Americans as a way to offset other cuts.

The state and local tax issue has been one of the most contentious for the House GOP to resolve.

The legislative push for the massive tax package will begin in earnest next week as key House committees consider the legislation despite lingering divisions.

Jason Smith said he will to strike a balance between those who want no limit on the state and local tax deduction and those who want no write-off at all.

More than 3,600 revenue agents — responsible for collecting tax payments — have left the IRS.

Key House Republicans discussed ways to direct an expanded state and local tax deduction to those making less than $400,000.

Republican lawmakers pushing for the expansion of the state and local tax deduction are slated to meet with House Speaker Mike Johnson about the $10,000 cap.

The Treasury secretary touted some of President Trump's campaign proposals, including not taxing tips, Social Security or overtime.

Federal employee pension benefits are set to be pared back in Republicans' giant tax and spending package working its way through the House.

The Budget Lab at Yale projects that taxing income over $1 million at a 40% rate would generate $420 billion over a decade.