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 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 ...

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

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

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

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

Rounding out the House’s three main areas of concern is the Senate’s $10,000 SALT deduction cap, which is causing considerable consternation among moderate House Republicans from high-tax blue ...

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

They’re getting SALT-y. Blue state Republican reps railed against a Senate plan to lower the state and local tax deduction (SALT) cap down from the House-negotiated level of $40,000 to $10,000 ...