The Latest Breaking News from Tax Cuts

The government currently collects revenue in an arbitrary and distortionary manner, with loopholes that benefit special groups.

"Wealthy Americans, on the other hand, would have a larger share of the economic pie"

Speaker Mike Johnson faces a rebellion within GOP ranks over a budget blueprint that squeaked through the Senate. CQ Roll Call’s Caitlin Reilly, Paul M. Krawzak and David Lerman assess the outlook for final adoption of a budget resolution and the big fights over Medicaid cuts and whether to pay…

The Senate's budget blueprint has triggered a fight over wiping away the cost of tax-cut extensions in a bid to make them permanent.

Republicans are wishing away the debt to give tax cuts to the wealthy

Economists at Citi Research said in a note on Thursday that the aggressive tariffs "may now become a justification for larger tax cuts."

​Speaker Mike Johnson and his GOP leadership team on Saturday sought to tamp down a brewing revolt on the budget resolution.

US senators were set to vote Saturday on unlocking trillions of dollars for sweeping tax cuts promised by President Donald Trump, despite bitter infighting among the majority Republicans over the savings that will be needed to fund them.

The Senate kicked off a "vote-a-rama" Friday night on a revised budget blueprint that was expected to win adoption by early Saturday morning.