President Donald Trump is growing frustrated with demands to significantly boost the cap on the state and local tax deduction, according to a senior administration official, signaling a deadlock as Republicans aim to quickly pass a giant tax-cut bill.

The GOP tax bill could boost the highest-earning Americans' incomes while hurting low earners, according to findings from nonpartisan research groups.

The White House’s claim that the GOP tax bill would save $1.6 trillion only takes into account the bill’s spending cuts — and ignores something else.

WASHINGTON – Workers who rely on tips moved a step closer Tuesday to seeing a significant tax break when the U.S. Senate approved a new federal tax exemption. U.S. Sen. Ted Cruz, R-Texas, authored the bill, which was approved by unanimous consent, meaning no senator objected to its passage.

The bill attempts to combine several priorities in Trump's legislative agenda with a clear emphasis on tax cuts.

The massive tax and immigration bill, which is central to Trump’s second-term plans, faces continued resistance from both moderates and GOP hard-liners.

The Republican tax and spending bill cleared an important hurdle Sunday night. As the legislation advances, here are the key provisions financial advisors should watch.

The approval on May 18 advances the measure toward possible passage in the House of Representatives later this week.

House GOP leaders worked through the weekend to win over a quartet of fiscal conservatives who voted last week to block Trump’s Big Beautiful Bill.

President Donald Trump on Tuesday argued that Republicans are “tremendously unified” despite party infighting over his sweeping budget and tax cuts bill.

Every second matters in Karen Read's second murder trial.