Erik Wasson

Conservative hardliners threatened to block Republicans' massive tax and spending package, jeopardizing passage of President Trump's economic legislation.

In a private meeting, Trump singled out the lawmakers from New York, New Jersey and California who have rejected the $30,000 deduction limit.

The vote in the House Budget Committee paves the way for passage of the legislation as soon as Thursday,

President Trump's economic package took a major step toward becoming law when a House committee approved trillions in new tax cuts on a party-line vote.

Campaign pledges like no taxes on tips and overtime pay, plus new tax breaks for car buyers and seniors, are the centerpiece of a multitrillion-dollar package.

GOP leaders proposed a $30,000 cap on the federal income tax deduction for state and local taxes.

House Republicans' release of the tax provisions in their massive fiscal bill provides a crucial initial reading of what party leaders think could pass.

The House tax committee aims to make official several of President Trump's campaign tax pledges, and to avoid a millionaire tax.

The committee also proposes limiting states' ability to pay their share of Medicaid by placing a moratorium on new or increased taxes on medical providers.

The proposal calls for increasing the maximum child tax credit to $2,500 and raising the estate tax exemption to $15 million.

The proposal would create a tiered system of taxation so that wealthy colleges and universities pay more as the size of their endowment grows.

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.