For many families, another key source of savings is the child tax credit. Senate Republicans proposed permanently increasing the credit available to parents, which would be set at $2,200 per child, beginning in the 2025 tax year. House Republicans had proposed to bump up the credit to $2,500, but only through 2028.

Federal student loan borrowers could benefit from the extension of a rule regarding employers helping workers pay off their loans.

Blue state House Republicans warn Senate GOP against removing SALT deduction increase from tax bill, with Rep. Mike Lawler declaring any such move 'dead on arrival' as negotiations continue.

Senate Republicans have unveiled a sweeping plan to overhaul the Medicaid program, with changes policy analysts warn could lead to even greater coverage losses and pain for hospital systems than the aggressive proposal passed by the House of Representatives last month.

Republicans must overcome intraparty divides to get legislation to Trump’s desk by July 4 target.

The Senate Finance Committee’s language would take a sledgehammer to some parts of the renewable-friendly Inflation Reduction Act while sparing others.

A Senate tax package softens some blows imposed on renewables by a House version of the bill. But it still terminates many credits for clean power.

A plurality of voters oppose the sweeping tax-and-spending legislation, with mixed opinions on specific provisions, according to a Washington Post-Ipsos poll conducted earlier this month.