Senate Republicans are rejecting an attempt to reverse a provision from their new tax law that changes the taxation of ...

Lawmakers approved language that would implement a 90% cap on how much gamblers can deduct from their losses against winnings ...

Democrats used a Louisiana town hall Thursday night to preview one of their main strategies for attempting to retake the U.S.

Under the new law, gamblers will be allowed to deduct just 90% of their losses from their income taxes starting in 2026.

Here’s what polls showed of Trump's approval rating after the president’s mega tax and spending bill was passed by Congress ...

Under prior law, taxpayers could deduct gambling losses up to the extent of their winnings from their taxable income. A ...

One such group, Clean Energy for America, is deploying billboard ads next week targeting seven of the lawmakers considered ...

The product of years of Republican effort, the American tax code now blends traditional supply-side economics with President ...

U.S. Rep. Eugene Vindman (D-VA) spoke with FOX 5 DC’s Jim Lokay, explaining his opposition to the GOP’s latest tax bill.

Gov. Mike Kehoe is hopeful Congress will reverse course on major restrictions on medical provider taxes, which were included ...

The GOP tax bill stands to deliver a $170 billion windfall to turbocharge immigrant detentions and deportations. But public ...