President Donald Trump and the Republican Party’s top priority heading into next year’s midterm congressional elections will be selling the tax cuts in the One Big Beautiful Bill Act, a pitch that met a stiff headwind from the media and the Democratic Party.

President Donald Trump rolled out the idea for a new tax break on car loans during a 2024 campaign stop in Detroit. Here's how the new law works.

What the deduction does is all in the name. It allows taxpayers to deduct what they owe in state and local taxes from their federal income taxes. The OBBBA raises the cap on how much taxpayers can claim under the SALT deduction.

If Trump kills the deal over the team changing its name, he'd be doing the right thing but in perhaps the most corrupt possible way.

The data exaggerates the tax gains for households with modest incomes by focusing on the change in their tax liability, rather than their after-tax income — the measure analysts more commonly use. Now that President Donald Trump has signed his signature tax and spending bill,

The sweeping tax and spending cuts package that President Donald Trump signed into law on July 4 is expected to leave 10 million more people without health insurance in 2034, according to a Congressional Budget Office estimate released Monday.

WASHINGTON — President Trump’s major domestic policy law will result in nearly 10 million more people going without health insurance by 2034, according to the Congressional Budget Office’s estimate on the final law.

Because the deduction starts to phase out for single filers earning over $75,000 and married couples making over $150,000 — with full disqualification at incomes above $175,000 for individuals and $250,000 for couples — the Urban-Brookings Tax Policy Center projects that middle- and upper-middle-income households stand to gain the most.

President Donald Trump's "big beautiful bill" is now law. Here's when no tax on overtime and tips start in Washington state.