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Republicans were joyful Friday as they finalized their tax plan, bridging differences between the House and Senate bills and moving another step closer to getting legislation to President Trump by ...

The bill’s approval, coming on the heels of the House passing its own tax bill last month, is the first significant legislative victory for the Republican Party since it assumed control of the ...

The tax changes will affect businesses and individuals unevenly, with winners and losers often being determined by industry or geography. An analysis by the Tax Policy Center found that the bill ...

The final bill still leans heavily toward tax cuts for corporations and business owners. But it also expands or restores some tax benefits for individuals relative to the earlier bills passed by ...

The final bill isn't as bad for taxpayers in high-tax states as earlier versions, but some could feel the pinch under the new legislation.

A new Congressional Budget Office study shows large, harmful impacts to families earning $30,000 or less from the Senate GOP tax bill.

Republicans plan a celebration at the White House with President Donald Trump after their most significant legislative victory of 2017.

Tax Cuts and Jobs Act; Full title: An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018.

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On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act.. It cuts individual income tax rates, doubles the standard deduction, and eliminates personal exemptions.The top individual tax rate drops to 37 percent. The Act cuts the corporate tax rate from 35 percent to 21 percent beginning in 2018. The corporate cuts are permanent, while the individual changes expire at the end of 2025.

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