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.

Gov. Kevin Stitt has joined Oklahoma legislative leaders in announcing a sweeping agreement on a nearly $12.6 billion state budget for the next fiscal year, one that features an income-tax cut Stitt long has hoped for during his six-plus years in office.

Prime Minister Mark Carney and Canada's department of finance have announced a major income tax cut promising billions of dollars in savings.

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.

Under current law, passed during President Donald Trump’s first term, the tax credit hinges onthe child’s citizenship status, not the parent’s. But the bill would limit eligibility to parents with Social Security numbers, a change that precludes undocumented immigrants as well as some with legal authorization, such as student visa holders.

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 pressure is on to pass Trump's 'big beautiful bill.' What to know about reconciliation bill details: no tax on tips, overtime or Social Security.

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,