Tax cuts

Shortly before passing a far-reaching but unpopular bill on a party line vote, the Speaker of the House assured critics that people would like it once they felt its benefits.

President Donald Trump declared that Republicans had passed the largest tax cut in U.S. history and said corporations would no longer relocate their headquarters overseas after the House sent the legislation to his desk on Wednesday.

House Republicans passed the most extensive rewrite of the U.S. tax code in more than 30 years—hours after the Senate passed the legislation—handing President Donald Trump his first major legislative victory.

If you’re confused by how the Republican tax bill will affect you, you’re not alone.

House Republicans passed a sweeping tax overhaul that delivers a deep, lasting cut for corporations and temporary benefits for individuals, putting President Donald Trump one step away from his first major legislative victory.

President Donald Trump predicted the U.S. economy is “going to start to rock” when the Republican rewrite of the U.S. tax code is complete after a six-week sprint.

This week marks the last leg of Republicans’ push to revamp the U.S. tax code, with both the House and Senate planning to vote by Wednesday on final legislation before sending it to President Donald Trump.

Half the public thinks they’ll pay higher taxes under the Republican overhaul making its way through Congress in a new Monmouth University poll, underscoring the difficulty the party faces in selling what would be President Donald Trump’s biggest legislative victory to date.

Lawmakers scrambling to lock up Republican support for the tax reform bill added a complicated provision late in the process—one that would provide a multimillion-dollar windfall to real estate investors such as President Donald Trump.

Senator Bob Corker wrote to Senate Finance Committee Chairman Orrin Hatch asking for an “explanation” of how a provision on pass-through businesses that would benefit real estate investors came to be included in the final version of the Republican tax bill.

President Donald Trump promised everyday Americans a “giant tax cut for Christmas” in a speech that the White House billed as his closing argument for a tax overhaul that congressional Republicans finished negotiating on Wednesday.

The dearth of Republicans representing New York in Congress is partly to blame for the proposed eliminations of state and local tax deductions that will dramatically impact the state, said Jim Tisch, chief executive officer of Loews Corp.

President Donald Trump will bring five American families to the White House to show how they would benefit from his tax overhaul Wednesday in a speech aides said would amount to a closing argument for the legislation.

President Trump plans to make what his staff members called a “closing argument” for tax-overhaul legislation Wednesday as congressional Republicans consider last-minute revisions to key provisions. Here are the latest developments, updated throughout the day.

The U.S. Treasury Department produced a one-page document Monday that it described as an “analysis of growth and revenue estimates” based on the Senate tax bill, but economists quickly called the document a political statement, not a rigorous economic study.

House and Senate Republicans are working this week on compromise tax-overhaul legislation in an effort to send it to President Donald Trump as soon as next week. Here are the latest developments, updated throughout the day.

The president will add a speech supporting the overhaul plan to his string of tweets.

A funny thing happened when Congress approved a tax cut for the middle class eight years ago: Most Americans didn’t notice.

Despite claims to the contrary, the cuts proposed by the GOP aren’t even the biggest in the past five years.

Expiring tax cuts, business perks and health care politics loom over House and Senate Republicans as they face the daunting task of hammering out the differences between their competing bills to rewrite the U.S. tax code.