U.S. House of Representatives Speaker Mike Johnson looks at U.S. President Donald Trump signing the sweeping spending and tax ...

Nevada Democrat Catherine Cortez Masto sought to pass legislation that would restore full deductibility of wagering losses.

Under the new tax law, starting in 2026, individuals can only deduct 90% of their gambling losses up to the amount of their ...

President Donald Trump falsely claims the ‘biggest tax cuts ever’ while Democrats add in the impact of a Biden-era policy.

The bill, ushered through Congress by Republican leadership and signed by Trump Friday, includes $4.5 trillion in tax cuts, ...

The measure would extend trillions of dollars in tax cuts from Trump’s first term and implement new campaign promises while ...

The Senate passed President Trump’s “Big Beautiful Bill” July 1, giving the president his most significant legislative ...

The legislation now heads to the House for possible final approval, though a handful of Republicans there have already voiced ...

The Senate passed President Trump’s “Big Beautiful Bill” July 1, giving the president his most significant legislative ...

The Senate narrowly passed President Trump's massive tax and spending bill Tuesday after a marathon series of amendment votes ...

Republican Senator Joni Ernst has introduced an amendment to the U.S. Senate's tax and spending megabill that would change ...

Businesses benefit from Senate changes that would make permanent a series of breaks that had been offered only temporarily in ...