President Donald Trump indicated that income taxes will be reduced or even eliminated for many people due to tariffs, with a focus on people earning under $200,000 per year.

The Trump administration is pressing Congress to dramatically expand the number of business-friendly tax cuts in a budget bill that's already complicated and costly. Why it matters: New additions, such as full expensing to build new factories in the U.

(Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday that discussions with House Speaker Mike Johnson over plans to extend President Donald Trump's tax cuts are going well and the bill is moving forward better than expected.

Republicans in Congress are working to pump billions of dollars into President Donald Trump’s mass deportation and border security program.

A bipartisan duo is reintroducing a popular measure this week that would expand the low-income housing tax credit.