Nonpartisan research groups studying the proposal have estimated that it would add more than $2.5 trillion to the federal debt—currently at an all-time high of $36.8 trillion—over the next decade. Despite those projections,

President Donald Trump says his tax bill, which won approval from a key congressional committee on May 18, would lower taxes for all Americans.  It's “increasing take-home pay for the typical family by thousands of dollars per year,

House Republicans recently unveiled a legislative package called The One, Big, Beautiful Bill, a phrase that President Donald Trump has used to describe what could end up being a landmark piece of legislation during his second term.

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.

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.

The White House Council of Economic Advisers has released new taxpayer savings projections for President Donald Trump's "big, beautiful bill."

The pressure is on to pass Trump's 'big beautiful bill.' What to know about reconciliation bill details: no tax on tips, overtime or Social Security.