Kevin Brady

House Ways and Means Chairman Kevin Brady said Wednesday he expects to announce a deal with concerned Republicans from high-tax states on the state and local tax deduction “before the bill will be laid out next week.”

President Donald Trump and Senate Majority Leader Mitch McConnell appeared to give themselves some breathing room on their goal of completing a tax overhaul before year’s end in remarks that emphasized the difficulty of passing major legislation.

Republican congressmen from states with high taxes are concerned about the potential loss of the deduction.

The Treasury Department plans a set of actions to reduce eight tax regulations it identified earlier this year as burdensome.

A group of conservative House Democrats is embracing some elements of a GOP plan to cut taxes, potentially creating an opening for Republicans to win bipartisan support.

The White House is showing “softness” on ending a $1.3 trillion federal tax deduction filers get for their state and local taxes, Senator Bob Corker said Monday, warning that it raises questions about the GOP’s “intestinal fortitude” and could imperil a tax overhaul.

The document provides more detail than a number of other tax reform documents that have emerged from the Administration over the past few months, but it still leaves many specifics to be worked out by Congress's tax-writing committees.

The House passed legislation Thursday that provides some tax relief to victims of the recent spate of hurricanes.

President Donald Trump and Republican leaders launched an urgent effort to get a major legislative win this year, announcing a long-awaited tax plan that will immediately set off a fight over how much top earners should pay.

Republicans unveiled a framework for their long-awaited tax reform plan Wednesday, listing a series of tax cuts but with few details on how to raise revenue to pay for the cuts.