Erik Wasson

The Senate plan will allow for a $4 trillion extension of Trump's tax cuts and an additional $1.5 trillion in further levy reductions.

Fiscal conservatives in the party want steep spending cuts to help offset the multitrillion-dollar tax-cut package.

Much depends on tax-collection proceeds, with the April 15 filing date fast approaching.

Republican leaders say they are closer to a plan to extend the 2017 tax cuts and increase the debt ceiling.

House and Senate Republicans are battling over the size of spending cuts to be paired with a giant tax cut coming later this year.

Congressional Republicans returning to Washington on Monday will tackle their toughest test yet, negotiating a massive tax bill package.

The meeting, scheduled for Thursday at the White House, will be the first sit-down between the Senate tax panel and Trump since he took office again.

GOP congressional leaders didn't negotiate with Democrats on the President Donald Trump-backed funding measure, which runs through Sept. 30.

The bill would claw back $20.2 billion in spending for the IRS passed as part of President Joe Biden's signature green-energy Inflation Reduction Act.

President Trump's proposals to expand breaks to end taxes on tips, overtime and Social Security, once considered wishful thinking, are gaining momentum despite the costs.