Trump tax plan

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.

The plan mandates the sale of dozens of parcels totaling more than 11,000 acres (4,450 hectares) of federal land in Utah and Nevada.

House Republicans plan to raise more than $15 billion in revenue through lease sales, as well as other measures, to help pay for the massive tax cut package.

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.

Republicans aim to pass the tax package through a process that wouldn't require any Democratic votes.

President Trump suggested his sweeping tariffs would help him reduce income taxes for people making less than $200,000 a year.

President Donald Trump said he is open to the idea of higher taxes on millionaires but worries that a levy increase could hurt the party.