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.

Thursday morning's vote is already at the center of ads in swing districts, as Democrats and Republicans battle for control of the House in the midterm elections.

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 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.

California Republicans were pleased that lower- and middle-income residents will be able to deduct more of their state and local taxes, or SALT. The deduction, now capped at $10,000, would rise to $40,000 for those with taxable incomes of less than $500,000.

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out over $500,000.

A tax and policy bill awaiting Senate approval would drastically hike Grinnell College's endowment tax. What that means:

Senate Republicans are planning to have the last word. The legislation that passed the House early Thursday made a number of changes impacting clean energy tax credits under Democ