Donald Trump

The president may fall short of a single major legislative accomplishment in 2017.

Senate Majority Leader Mitch McConnell’s new proposal to simply repeal Obamacare appears to be dead less than 24 hours after he dropped his replacement plan for lack of support among fellow Republicans.

The president's plan would mostly benefit the highest-income taxpayers, according to the Tax Policy Center.

Some lawmakers threaten to vote against a deal unless it lays out the specific rate for corporations.

Donald Trump Jr. was tantalized by an offer of Russian government documents that would be damaging to Hillary Clinton’s presidential campaign. But the Russian he met days later had been shopping around information that was hardly a bombshell.

President Donald Trump’s top legislative aide said White House officials hope to have a unified plan for overhauling the U.S. tax code in place before Congress leaves Washington in August for a month-long recess—adding a new element to an already complicated timeline.

The White House is “absolutely committed” to getting its tax overhaul proposal through Congress by the end of the year—and that plan won’t include a 40 percent tax rate for the richest Americans, Treasury Secretary Steven Mnuchin said.

A federal rule aimed at limiting corporate “earnings stripping’’ for tax-avoidance purposes may pose an undue burden on taxpayers and may be changed or rescinded, according to an Internal Revenue Service notice.

The Treasury Department has issued a notice proposing to rescind or modify eight tax regulations under President Trump’s executive order aimed at reducing burdensome regulations.

Senate Republican leaders trying to break a logjam on their proposed health-care legislation are working with congressional budget officials to examine the impact of various changes they’re considering, a process that could take about two weeks, according to a GOP aide.