A powerful House committee has inserted language preventing states from regulating artificial intelligence into President Trump's massive tax and spending bill.

President Donald Trump's Hollywood ambassadors asked the White House to expand and extend tax incentives as part of an upcoming budget reconciliation bill.

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

The findings come after a net loss of $31.7 million for the first quarter, which ended with cash, cash equivalents and short-term investments of $759 million.

House Republicans are struggling to resolve issues with President Trump's multitrillion-dollar tax package, including the SALT deduction.

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.

Billions of dollars allocated under former President Biden's Inflation Reduction Act would be rescinded under a portion of Trump's sweeping tax package.

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

The debate over state and local tax deductions has been a thorny fight because it's a political priority for a small but vocal group of Republicans.

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.

President Trump said he would be fine with Republican lawmakers raising taxes on the wealthy, but acknowledged the political challenges.

President Trump's 'big beautiful bill' continues to move through the House and Senate.

The state and local tax issue has been one of the most contentious for the House GOP to resolve.

Lawmakers have separately discussed eliminating a tax deduction for pharmaceutical advertising.

Among companies that have disclosed financial projections, GM sees a $5 billion hit this year, while Apple expects $900 million in higher costs this quarter.

The legislative push for the massive tax package will begin in earnest next week as key House committees consider the legislation despite lingering divisions.

The Top 75 Firm based in Atlanta has steered clear of private equity funding so far and plans to remain independent, despite frequent calls and emails.

Judgments that are overly optimistic, unsupported, or poorly documented can tip into the territory of errors or fraud, leading to restatements and enforcement.

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.