The carried interest loophole refers to a provision in the U.S. tax code that allows investment fund managers, like private ...

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phases out ...

House Republicans stayed up all night to pass their multitrillion-dollar tax breaks package, with Speaker Mike Johnson ...

Overall, the Republican tax bill, known as the One Big Beautiful Bill Act, would add $2.3 trillion to the deficit over 10 ...

Some $500 billion in cuts to Medicare could be avoided if Congress instructs the White House budget office to disregard the ...

A key committee worked through the night on the legislation as Republican leaders sought agreement from various party ...

I’m looking at this budget making some hard decisions and hard cuts, because that’s what governing is, and that’s what being ...

House Republicans are proposing to gut energy savings and clean energy tax credits in President Donald Trump’s “big, ...

For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state ...

House Republicans are pushing to vote on their multi-trillion-dollar tax breaks package as soon as Wednesday, grinding out ...

A plan for a hefty new tax on university endowments was crafted to target “woke” schools, lawmakers said. But a small Kansas ...

After the House released a draft tax bill last week, Thomas Blaney worked until near-midnight analyzing its impact on his ...