Legislation moving through Congress includes significant breaks for the affluent as the House rebuffs President Donald Trump’s suggestions.

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.

The final proposed 2025-26 spending plan that takes effect July 1 reduces the state’s highest marginal income tax rate to 6% from 6.2%. $35 million for the state Department of Transportation to cover Hurricane Helene expenses; $80 million for the Department of Commerce’s Locate SC program, which prepares sites for development;

Norway plans to randomly select 100,000 people born between 1990 and 2005 to receive annual tax cuts of up to $2,700 for several years, aiming to measure the effect on income and employment, the Labour Party government said on Tuesday.

Ever since the defeat of the Axis Powers in World War II, America has been admired around the world as a beacon of equality, freedom and opportunity. That admiration helped the United States become the world’s preeminent economic and military power over the last 80 years.

US Congressman Mike Flood faced a torrent of boos and jeers as he spoke to town hall attendees in his Nebraska district on May 27, one of the first held nationwide as House GOP leaders return home after passing President Donald Trump 's sweeping tax policy bill.

U.S. Sen. John Cornyn made a stop in Waco on Tuesday to meet with small business owners and discuss the future of the 2017 Tax Cuts and Jobs Act (TCJA), a signature piece of legislation passed during President Donald Trump’s first administration that is set to expire at the end

Mayor Muriel E. Bowser (D) is betting on her ‘growth agenda’ to keep business in D.C., while council members are concerned about cuts to services for the needy.