The Senate's version of the One Big Beautiful Bill takes the shine off some of Trump's most popular promises. Here's why.

House and Senate Republicans are not close to a deal on raising the state and local tax deductions, leaving the fate of the ...

The proposals from Republicans keep in place the current $10,000 deduction of state and local taxes, called SALT, drawing ...

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

U.S. Rep. Young Kim, R-Anaheim, helped lead the fight to increase the federal deduction for state and local income taxes. A ...

The Senate GOP’s sweeping tax bill would keep a popular property tax deduction limited to $10,000, drawing the ire of ...

Senate Republicans have largely opposed increasing the cap, arguing that the deductions only favor wealthy homeowners in high ...

A deal reached in the House to raise the SALT deduction could be in danger in the Senate. The U.S. Capitol is seen as ...

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

After weeks of negotiations, it's unclear whether Republican senators are any closer to finding the votes to approve the package.

Democratic critics predict Lawler and his allies will eventually cave and agree to whatever deal Trump and other Republican ...

Moderate House Republicans from high-tax blue states are seething at the Senate’s proposal to keep the state and local tax (SALT) deduction cap at $10,000, setting the stage for a showdown over ...