Donald Trump

Senate Republicans gave up on their last-ditch bid to repeal Obamacare Tuesday as opposition in their own ranks ended months of fruitless efforts to deliver on a seven-year promise, and leaders said they would turn instead to overhauling the U.S. tax system.

President Donald Trump’s promised tax overhaul may force dozens of Republican congressmen in states including New York and New Jersey into a politically damaging vote to repeal a $1.3 trillion tax break their districts use heavily.

President Donald Trump is scheduled to meet Tuesday with a bipartisan group of House Ways and Means Committee members, the day before he heads to Indiana to unveil his tax plan.

President Donald Trump and Republican leaders plan to release a tax framework this week that would dramatically cut taxes for corporations and the wealthy, provide a measure of middle-class tax relief and punish some households in Democratic-leaning states like New York and New Jersey.

Investors in the world’s largest bond market may need to pay a lot more attention to Washington once more.

Collins and Cruz are among the latest to express doubts about the plan.

The president is expected to discuss reform-related issues in a speech on Wednesday.

Tax reform should be the number one priority of the Trump administration, according to a new survey of small business owners.

Senate Republicans making one last-ditch effort to repeal Obamacare have the daunting task of assembling 50 votes for an emotionally charged bill with limited details on how it would work, what it would cost and how it would affect health coverage — all in 12 days.

White House legislative director Marc Short said Friday that the administration is determined to release the outlines of tax plan negotiated with GOP leaders by the end of the month, even as the Senate’s chief tax writer signaled that the document might not carry that much weight.

Trump administration officials and congressional Republican leaders are promising a new framework in two weeks for legislation that would overhaul the U.S. tax code—though they’ve shied away from releasing any details about how the changes would affect individuals or corporations.

The Treasury Secretary floated the idea of not giving accountants the same tax cuts that companies like manufacturers would get under the Trump administration’s tax reform plan.

Three Democratic senators joined the president as he aimed to win their support for an as-yet unreleased tax plan that would be written by Republican leaders.

The president said this year’s deadly hurricanes add urgency to his tax-cut plan.

Kevin Brady, the chief House tax writer, told the chamber’s Republicans that White House leaders and congressional leaders working on a tax plan will release a framework the week of Sept. 25.

The president is planning an aggressive travel schedule, taking him to as many as 13 states over the next seven weeks.

The chairman of a large conservative caucus believes President Trump will sign a tax bill this year, but the legislation may not be as far reaching as Republican leaders had originally hoped.

The president's agreement with Democrats could be complicating tax reform efforts by eroding trust within his own party.

Lindsey Graham and Bill Cassidy are still pushing their plan to repeal Obamacare. It appears the president has moved on to tax cuts.

Dave Camp, the former head of Congress’s tax-writing House Ways and Means Committee, said he doesn’t think a revamp of the U.S. tax code will happen this year.