Almost all of the cuts that Republicans hope to pass in the coming weeks will last only until President Trump is set to leave office.

The vote came after an all-night debate that saw at least one lawmaker fall asleep at his post. Republicans rejected a series of proposed changes by opposition Democrats, who blasted the bill as a wasteful giveaway to the wealthy that would shred health and food benefits for the poor and worsen the nation's financial standing.

The House Ways and Means Committee voted 26-19 to approve the tax part of the legislation after a marathon markup meeting that lasted more than 17 hours.

Speaker Mike Johnson is trying to strike a delicate balance between blue-state Republicans and conservative hard-liners on a sprawling bill for Trump's agenda.

The Shelby County Assessor said that county Mayor Lee Harris' claims on a 20% property tax cut are "simply not true."

Germany's economic downturn and tax relief are likely to reduce total tax revenues by 81.2 billion euros ($90.94 billion) between 2025 and 2029 compared with a projection in October, figures the country's council of tax experts showed on Thursday.

The cost of Republican lawmakers’ draft plan for sweeping tax cuts weighed in at $3.8 trillion over the next 10 years in one official estimate. The reality is likely much higher, thanks to the use of budget and political tools designed to minimize the appearance of the fiscal hit,

A conservative advocacy group is hosting a day of action in competitive congressional districts as House Republicans iron out the details of Trump's "big, beautiful bill."