For many families, another key source of savings is the child tax credit. Senate Republicans proposed permanently increasing the credit available to parents, which would be set at $2,200 per child, beginning in the 2025 tax year. House Republicans had proposed to bump up the credit to $2,500, but only through 2028.

Federal student loan borrowers could benefit from the extension of a rule regarding employers helping workers pay off their loans.

Senate Republicans are proposing deeper Medicaid cuts, including new work requirements for parents of teens, as a way to offset the costs of making President Donald Trump’s tax breaks more permanent.

A Senate tax package softens some blows imposed on renewables by a House version of the bill. But it still terminates many credits for clean power.

Senate Republicans are proposing more expansive reforms to Medicaid in President Donald Trump’s “one big, beautiful” bill, defying naysayers who

Senate Republicans on Monday unveiled a draft of their vision for key tax and spending cuts, setting up an intra-party conflict over legislation enacting President Donald Trump’s agenda. The new text from the Senate Finance Committee addresses tax and Medicaid policy,

Blue state House Republicans warn Senate GOP against removing SALT deduction increase from tax bill, with Rep. Mike Lawler declaring any such move 'dead on arrival' as negotiations continue.

Senate Republicans’ tax bill would eliminate federal taxes and regulations on short-barreled rifles, short-barreled shotguns and silencers as well as preempt state or local licensing requirements in a win for gun-rights advocates.

The Senate Finance Committee’s language would take a sledgehammer to some parts of the renewable-friendly Inflation Reduction Act while sparing others.

WASHINGTON (Reuters) -Republicans who control the U.S. Senate Finance Committee unveiled changes to President Donald Trump's sweeping tax-cut and spending bill on Monday that would make business-related tax breaks permanent while modifying Medicaid reforms and a new federal deduction for state and local taxes.

A plurality of voters oppose the sweeping tax-and-spending legislation, with mixed opinions on specific provisions, according to a Washington Post-Ipsos poll conducted earlier this month.