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It would extend Trump's first-term tax cuts due to expire Dec. 31, along with new tax relief including raising the limit on deducting state and local taxes.
May 22 -
President Trump said his massive tax package is close to being finalized, but the White House has yet to win over a faction who want more spending cuts.
May 21 -
The revised version of President Donald Trump's economic package would move up work requirements to December 2026 from 2029.
May 21 -
Conservative hardliners threatened to block Republicans' massive tax and spending package, jeopardizing passage of President Trump's economic legislation.
May 21 -
The U.S. Government Accountability Office created a list of questions for policymakers' oversight of the energy tax expenditures in the 2022 Inflation Reduction Act.
May 19 -
The vote in the House Budget Committee paves the way for passage of the legislation as soon as Thursday,
May 19 -
The far-reaching tax reconciliation bill from Republicans on the House Ways and Means Committee would add significant new provisions to the Tax Code.
May 15 -
Rep. Nicole Malliotakis said there's an "opportunity" to grow the $30,000 state and local tax deduction cap offered by House GOP leaders in negotiations.
May 15 -
The cost of the draft plan for sweeping tax cuts weighed in at $3.8 trillion over the next 10 years in one official estimate. The reality is likely much higher.
May 15 -
Wealthy Americans and business investors are among the big winners while targets of Trump's ire such as immigrants and elite universities were hammered.
May 14