The epic overhaul of U.S. tax laws offers generous tax cuts for corporations and the wealthiest Americans while providing smaller cuts for middle- and low-income families. It’s projected to increase the national debt while potentially boosting economic growth.
After midnight—as protesters interrupted with chants of "kill the bill, don't kill us"—the Senate narrowly passed the legislation on a party-line 51-48 vote.
Much of the anticipated shortfall is due to a sharp decline in corporate income tax collections as businesses claim all the state tax credits they’re entitled to, rather than applying them in future years.
The Office of Information and Regulatory Affairs said the administration completed 67 deregulatory actions and taken three regulatory actions through the end of September that would result in a cost savings of $570 million a year.
Confident congressional Republicans forged an agreement Wednesday on a major overhaul of the nation's tax laws that would provide generous tax cuts for corporations and many Americans.
How do you satisfy demands of the rebellious GOP lawmakers from high-tax states who demand concessions over a cherished deduction? And how do you pay for those concessions?
A few dozen private college endowments could dodge a bullet with the sweeping tax bill approved by the Senate early Saturday morning after a last-minute amendment.
A burst of 11th-hour horse trading gave a party starved all year for a major legislative triumph the votes it needed.
GOP leaders hope to vote on Friday and send the measure to a House-Senate conference to work out the differences. They want to deliver a bill to President Donald Trump by Christmas.
Senate Republicans on Thursday pushed ahead on a sweeping revamp of the nation's tax code, with Majority Leader Mitch McConnell expressing confidence of final passage by week's end and a key Republican getting on board.
President Donald Trump said Monday that changes to the Republican tax bill are coming, as he looks to win over holdout GOP senators in an effort to pass the package by the end of the year.
Republicans passed a near $1.5 trillion package overhauling corporate and personal taxes through the House on Thursday, edging President Donald Trump and the GOP toward their first major legislative triumph this year.
The plan released Tuesday night by Senate Republicans mixes two red-hot debates by adding a repeal of the Obamacare law’s individual mandate to their tax legislation.
A left-leaning policy group sought details about expenses surrounding Mike Pence’s Oct. 8 trip and found the Indianapolis Metropolitan Police Department's costs included nearly $11,500 in overtime for tactical and traffic officers.
Senate Republicans revealed the details of their sweeping tax legislation Thursday, including a one-year delay in plans for a major corporate tax cut despite strident opposition from the White House and others in their own party.
Vice President Mike Pence said Thursday that a GOP effort to overhaul the U.S. tax code for the first time in three decades is neither a Republican or a Democrat issue, but a "jobs issue."
Vice President Mike Pence is planning a trip to suburban Indianapolis in an effort to build support for the Republican-led tax overhaul plan.
After a day of partisan bickering over whether the Republicans' sweeping tax plan would truly help the middle class, a key House panel on Monday approved late changes.
South Dakota is asking the U.S. Supreme Court to review whether retailers can be required to collect sales taxes in states where they lack a physical presence. The case could have national implications for e-commerce.
The bill would cap the mortgage-interest deductions on pricier homes, but includes no changes to popular 401(k) retirement plans. It’s not expected to repeal the Obamacare individual mandate. It would cut individual tax rates for millions of Americans, but not for earners at the very top.
