U.S. Representative Josh Gottheimer, D-NJ, speaks during a press conference about the SALT Caucus outside the Capitol on Wednesday February 08, 2023 in Washington, DC. Matt McClain | The Washington Post | Getty Images President Donald Trump‘s ‘big beautiful bill’ delivers a temporary higher limit on the federal deduction for state and local taxes, known…
The Capitol at dawn during a vote-a-rama, on July 1, 2025 in Washington, DC. Al Drago | Getty Images News | Getty Images How to read this guide Follow along from start to finish, or use the table of contents to jump to the section(s) you want to learn more about. Need a refresher on…
Speaker of the House Mike Johnson, R-La., speaks to reporters as he walks back to his office as the House of Representatives waits to vote on President Trump’s “big beautiful bill” reconciliation package on July 3, 2025. Bill Clark | CQ-Roll Call, Inc. | Getty Images A massive package of tax cuts championed by President…
Senate Majority Leader John Thune (R-SD), flanked by Sen. John Barrasso (R-Wyoming), Sen. Mike Crapo (R-Idaho) and Sen. Lindsey Graham (R-SC), speaks to reporters after the Senate passed President Trump’s reconciliation package on July 1, 2025. Bill Clark | Cq-roll Call, Inc. | Getty Images Tax cuts are the centerpiece of a massive legislative package…
Halfpoint Images | Moment | Getty Images Senate Republicans on Tuesday passed President Donald Trump‘s spending package, which includes a bigger child tax credit — but some families won’t see a benefit, policy experts say. Under current law, the maximum child tax credit is $2,000, which will revert to $1,000 after 2025 without changes from…
