The Trump megabill will give the top 1 percent tax cuts totaling $1.02 trillion over the next decade. For comparison, the ...

The endlessly debated cap on deductions for state and local taxes (SALT) has emerged in the GOP megabill largely ...

The tax and spending legislation approved by the U.S. Senate would create an unprecedented, dollar-for-dollar federal tax ...

How much money you save with tax deductions, which reduce your taxable income, depends on your bracket. Deductions are more valuable to higher-income households and less beneficial for lower earners, ...

While the bill will make life harder for millions of current Medicaid recipients and low-income families, a wide swath of corporate America came out as big winners. Here’s a look at the industries ...

Today the Senate passed the tax and spending megabill, sending it to the House. See below for a statement from ITEP as well ...

As federal aid ends and economic uncertainty grows, local governments face tough budget choices. Now is the time for ...

The budget reconciliation bill passed today by the Senate on a vote of 51-50, with Vice-President Vance casting the tie-breaking vote, will cause significant harm to millions of children and families, ...

Most every Texan stands to see at least some benefit from the tax cuts at the heart of President Donald Trump’s “big, beautiful bill.” But the biggest benefits are geared toward the wealthiest people, ...

The exemption could reduce state revenues by around $600 million each year, according to the Institute on Taxation and Economic ...

Michael Ettlinger, a political adviser who previously worked with the Biden-Harris campaign, said, “If the Republican’s new accounting method becomes the norm, it will be far easier to pass deficit ...

If you find yourself in a hole, stop digging. This is exactly what Louisiana Senators did when they rejected two tax-cut bills that would have created a billion-dollar shortfall in the coming fiscal ...