House Republicans rejected a push by some allies of President Donald Trump to include tax hikes on the rich in sweeping legislation they passed last week — a decision that could carry repercussions ...

Analysis from the Institute on Taxation and Economic Policy shows that the richest 1 percent of taxpayers in the District will get the biggest tax cut—one being paid for by slashing federal basic ...

As the Institute on Taxation and Economic Policy notes, the top 1 percent of Floridians (those with income of more than $1.1 million annually) would receive an average tax cut of $86,320 in 2026. As a ...

Lawmakers are divided over how to deal with the state and local tax deduction or SALT, after the House passed its version of the Republican spending bill last week. The cap tends to impact Americans ...

An analysis by the Institute on Taxation and Economic Policy (ITEP) highlights just how lopsided the bill’s tax provisions are.