GOP, tax bill and Republicans
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The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.
The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.
House Republicans are pushing a plan to tax money transfers sent by foreigners residing in the U.S. to friends and
Immigrants and wealthy universities, as well as foreign companies, would see higher taxes under the House-passed bill.
The provision, which has provoked outcry from Democrats, would restrict federal courts' ability to enforce some injunctions.
The Republican-led House of Representatives has passed a sweeping budget package that would fulfill many of President Donald Trump's priorities. The Republican-led Senate next takes up the package, with significant changes likely.
A tax and policy bill awaiting Senate approval would drastically hike Grinnell College's endowment tax. What that means:
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Trump's "big, beautiful bill" includes a significant increase in the SALT cap. What it means for homeowners.New York City-area Republican members of Congress were able to include a huge increase in property tax deductions in the so-called "big, beautiful bill" passed on Thursday.