A menu of options being circulated by congressional Republicans also includes new tax cuts for corporations and the ultrawealthy.

A three-day meeting of U.S. House Republicans, meant to jumpstart President Donald Trump's $4 trillion tax cut agenda, ended on Wednesday without a deal as party fiscal hawks refused to move ahead unless the plan reduced the $1.

A memo obtained by the Guardian shows Charles Koch's dark-money network spending big on—sorry, against—class warfare.

One of President Donald Trump’s first-term achievements was a major tax cut, which he signed into law in 2017. The Tax Cuts and Jobs Act largely benefited the wealthiest families in the U.S. But farm households also saw their tax rates decrease.

Republicans who control the U.S. House of Representatives are trying to overcome internal differences on how to pay for President Donald Trump's sweeping tax cuts, with hardline conservatives determined to reduce an annual federal deficit approaching $2 trillion.

President Donald Trump wants to do more than just extend the income and corporate tax cuts he passed in 2017, known as the Tax Cuts and Jobs Act — he wants to make good on campaign promises to eliminate taxes on various forms of spending and earning.