The Senate Finance Committee released its revisions to President Donald Trump’s “one big, beautiful” bill Monday night, ...

The Senate proposal also includes a temporary tax break for older Americans: a $6,000 deduction for individuals age 65 and ...

WASHINGTON (AP) — Senate Republicans on Monday proposed deeper Medicaid cuts, including new work requirements for parents of ...

Before 2018, the tax break — including state and local income and property taxes — was unlimited for filers who itemized ...

Moderate House Republicans from high-tax blue states are seething at the Senate’s proposal to keep the state and local tax ...

“In the Senate, at least, there isn't a high level of interest in doing anything on SALT,” Senate Majority Leader John Thune ...

A plan championed by Republicans from New York in Congress to quadruple the current $10,000 cap on the federal deductibility ...

As the package now moves to the Senate, the changes to Medicaid, SALT and green energy programs are part of a series of tradeoffs GOP leaders are making as they try to push the package to passage ...

House Republicans who secured a bigger cap on state and local tax deductions are pushing back on Senate Republicans, who are keeping the SALT cap at $10,000 in their forthcoming legislation as a ...

A Republican-controlled Senate committee Monday rolled back the SALT deduction cap to $10,000 in its first draft of President Trump’s sprawling budget bill, a dramatic reversal from the $40,000 ...