After a marathon markup stretching over 17 hours, the House Ways and Means Committee advanced sweeping cuts to Democratic renewable energy and climate tax credits as part of the tax portion of the massive fiscal overhaul Republicans are aiming to pass to enact much of President Donald Trump‘s domestic agenda.

The current version of the proposal calls for the state and local tax deduction cap to be hiked to $30,000, which a group of blue-state Republicans have said is a nonstarter.

House Republicans have advanced trillions of tax breaks as part of President Donald Trump's economic package. After debating the legislation overnight, the House Ways and Means Committee, which oversees tax, passed its portion of the legislation on ...

President Donald Trump first vowed to nix taxes on Social Security income during his campaign for the 2024 election.

The House Ways and Means Committee advanced a slew of President Trump’s top tax priorities, Wednesday morning, setting the stage for a high-stakes sprint to get the provisions through the GOP’s

In addition to raising the endowment tax rate for the richest schools to as much as 21%, the bill hits schools with heavy foreign student enrollment.

Ahead of a self-imposed Memorial Day deadline, House Republicans are pushing forward a major spending bill that includes sweeping tax cuts offset by cuts to Medicaid and other social programs.

President Donald Trump’s signature economic package took a major step toward becoming law when the House Ways and Means Committee approved trillions in new tax cuts for corporations, households and small businesses on a party-line vote.

House Republicans on three key committees are working to advance their respective portions of President Donald Trump's reconciliation bill.