While every income group is expected to see some level of savings, a recent analysis by the Tax Policy Center suggests that the biggest benefits will go to higher-income households. The law extends and expands many provisions from Trump’s 2017 Tax Cuts and Jobs Act,

About two-thirds of U.S. adults expect the new tax law will help the rich, according to the poll from The Associated Press-NORC Center for Public Affairs Research. Most — about 6 in 10 — think it will do more to hurt than help low-income people. About half say it will do more harm than good for middle-class people and people like them.

The Tax Cuts and Jobs Act, signed into law by former President Donald Trump in December 2017, represented the most significant overhaul of the U.S. tax code in decades. Many of its key provisions, however, were designed to expire after 2025, creating a looming fiscal cliff that lawmakers must address.

The Medicaid cuts recently approved by Congress and President Donald Trump could force states into difficult decisions, health policy experts say. Part of several major changes to Medicaid, the bill caps how much states can tax health care providers,

The declared lifespan of tax changes may not mean what you think. Lawmakers repeatedly extend temporary tax breaks. And they rewrite permanent provisions almost as often

Former Vice President Mike Pence wrote to Speaker Mike Johnson (R-La.) on Monday to commend him for getting a massive reconciliation package that included an extension of the 2017 tax cuts across the finish line.

The law that President Trump signed on July 4 ending tax incentives for wind and solar projects is expected to drive up electricity bills across the U.S., with some of the sharpest increases in Republican-led states, according to Energy Innovation, a nonpartisan think tank.

Nonpartisan analysts say the wealthiest Americans would see the biggest benefits from the bill, while lower-income people would effectively see their incomes drop.

The tax benefit, which revives a provision of the 2017 tax cuts, only applies to business jets, not jets used for personal use.

Lieutenant Governor Burt Jones announced on Thursday the creation of the Georgia Senate Committee on eliminating the state’s income tax. The senate’s special committee will commence later this summer and will be led by Sen.