The law is creating backlash from the gambling industry and bettors who could owe taxes even if they break even.

The "Big Beautiful Bill" that just passed the House and Senate and flew off of Trump's desk like a broadside will launch a ...

Nevada Democrat Catherine Cortez Masto sought to pass legislation that would restore full deductibility of wagering losses.

The Senate also pulled out a change to the Pell Grant program, which provides federal aid to low-income students to attend ...

(The Center Square) − The U.S. Senate has passed the Filing Relief for Natural Disasters Act, a bipartisan bill sponsored by ...

Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save ...

Vice President JD Vance on Wednesday made the Trump administration's first big pitch to sell the public on President Donald ...

The Senate budget bill would have imposed an excise tax on certain wind and solar projects with foreign materials.

The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually from 2026 through 2033.

Sen. Josh Hawley introduced a bill to repeal some of the Medicaid cuts in Trump’s sweeping tax law, after Hawley voted to pass it earlier this month.

Democrats are poised to contest the Republican talking points at every turn, emphasizing the cuts to Medicaid, as the two parties ready for next year's midterm elections.

The bill would extend tax cuts from Trump’s first term and slash more than $1.1 trillion from Medicaid and other health-care programs.