Sen. Chris Coons (D-Del.) ripped the GOP’s “big, beautiful bill” Thursday as the House scrambles to get the reconciliation ...

Sen. Cynthia Lummis (R-Wyo.) unveiled new legislation Thursday updating tax rules for cryptocurrencies, as Congress continues ...

The bill proposes a new $6,000 per-person tax deduction for seniors. The maximum deduction starts phasing down once income ...

The Senate also pulled out a change to the Pell Grant program, which provides federal aid to low-income students to attend ...

The House passed Senate Republicans’ version of the reconciliation package on Thursday 218-214 in a largely party line vote.

Senate Republicans narrowly approved President Donald Trump’s sweeping tax and spending cuts package Tuesday after a dayslong ...

The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually ...

The House is planning to vote on the Senate-passed version of President Trump's "Big, Beautiful Bill" as soon as Wednesday ...

The revised package now heads back to the House, where Republican leaders hope to approve it and send it to Trump before a ...

Capitol Hill braces for key House vote on Senate-approved legislation as Republican leadership navigates procedural hurdles ...

Small improvements in taxes are overshadowed by cuts to health insurance and other federal aid, resulting in a package ...