The framework of President Trump's "big, beautiful' tax bill is coming into focus. Here is a look at what it will likely ...

At the same time, their moderate counterparts desire greater tax relief for those states with higher state and local tax ...

A key House Republican who is pushing for a higher cap for state and local tax deductions sought to revive the idea of ...

The GOP's tax and spending bill faces internal hurdles, with the SALT caucus pushing for significant changes. This group of ...

Breaking that out more, 20% of taxpayers in California’s 40th Congressional District — represented by Kim, it covers eastern ...

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 ...

In a setback for Donald Trump, his fellow Republicans in the House of Representatives have failed to pass the president's ...

In a massive setback, House Republicans failed Friday to push their big package of tax breaks and spending cuts through the ...

House Speaker Mike Johnson has been holding meetings with the various factions in an effort to reach an agreement.

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