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

A House measure that would make it easier to yank the tax-exempt status of nonprofits the Trump administration deems as supporting terrorism marks the latest effort by the president and his Republican ...

Spanning 1,116 pages, the 'One Big Beautiful Bill Act' aims to reshape U.S. economic policy by extending tax cuts, reducing ...

Days before Republicans unveiled their sweeping tax cut plan, the chairman of the powerful Ways and Means Committee had one ...

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

Donald Trump and Republicans in Congress are imposing massive cuts to Medicaid in order to fund tax breaks for the richest ...

A Republican tax proposal could give people age 65 and older an additional deduction of $4,000 in a "senior bonus" that would ease the tax burden on older adults - although it would not end taxes on ...

A new bill backed by House Republicans wants to extend the higher child tax credit President Trump instituted in 2017. The ...

Five Republicans joined all Democrats to reject the GOP's tax and spending package in a House Budget Committee vote.

Utah Rep. Blake Moore is set to introduce legislation establishing a new kind of savings account for children aimed ...

Moody's downgrade of the U.S. sovereign credit rating has elicited mixed responses among Republicans in Congress, with some ...