Lawmakers, trade professionals and professional bettors worry about a new Republican provision that will reduce the deduction for gambling losses.

The new tax cuts and spending law signed by President Trump on July 4 could provide savings for all income groups, an analysis finds.

As a candidate, Trump promised to lift taxes on overtime. The new law allows workers to deduct up to $12,500 in overtime compensation (for single filers) or $25,000 (for joint filers). This deduction phases out for income levels between $150,000 and $275,000 (for single filers) and $300,000 and $550,000 (for joint filers).

Trump's One Big Beautiful Bill cuts taxes, boosts border security, and reforms Medicaid—now the GOP must win the messaging battle.

New York Gov. Kathy Hochul and other NY officials spoke in Kingston July 18 to condemn the impacts of the "big beautiful bill" on local residents.

Student loan restrictions in the new Republican tax and spending law could exacerbate the student loan crisis, and deepen racial and gender wealth gaps.

An analysis by the Maryland Department of Health projects an annual loss of $2.7 billion because of changes to Medicaid.

President Donald Trump’s One Big Beautiful Bill Act, signed into law earlier this month, will likely change the nation’s energy landscape — potentially leading to higher power costs just as the race to grow artificial intelligence heats up.