President Donald Trump's budget bill faced a setback as Republican divisions led to its defeat in the House Budget Committee.

Days before Republicans unveiled their sweeping tax cut plan, the chairman of the powerful Ways and Means Committee had one last person to consult. He went to the White House.

The House GOP's new tax proposal introduces a $4,000 deduction for seniors, aiming to ease financial burdens amid rising ...

A House measure that would make it easier to yank the tax-exempt status of nonprofits that the Trump administration deems as ...

A SALT exclusion is different from a deduction. In a deduction, the money you spend on state and local taxes is deducted from your taxable income. So it will only partially reduce your federal tax ...

Moody's downgrade of the U.S. sovereign credit rating has elicited mixed responses among Republicans in Congress, with some ...

A new bill backed by House Republicans wants to extend the higher child tax credit President Trump instituted in 2017. The ...

Five Republicans joined all Democrats to reject the GOP's tax and spending package in a House Budget Committee vote.

House Democrats oppose significant Medicaid cuts, while Republicans rejected the bill, arguing it should include deeper ...

A Republican tax proposal could give people age 65 and older an additional deduction of $4,000 in a "senior bonus" that would ease the tax burden on older adults - although it would not end taxes on ...

With much of President Donald Trump’s agenda hinging on the “big, beautiful” budget bill, Republicans in Congress are . . .

Under the proposed Republican budget bill, House Republicans are aiming to slash billions in clean energy subsidies enacted ...