While House Republicans’ major tax-cut bill contains hundreds of pages of policy changes, it also leaves out some key tax provisions that have been discussed over the past several months. The House voted early Thursday to pass the $4 trillion budget reconciliation bill,

The Republican-led House of Representatives has passed a sweeping budget package that would fulfill many of President Donald Trump's priorities. The Republican-led Senate next takes up the package, with significant changes likely.

The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.

Thursday morning's vote is already at the center of ads in swing districts, as Democrats and Republicans battle for control of the House in the midterm elections.

There are certain elected officials who appear to have a certain orange hue about them," one Democrat scoffed at a tanning provision originally in the bill.

Immigrants and wealthy universities, as well as foreign companies, would see higher taxes under the House-passed bill.

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out over $500,000.

Republicans want to force new federal workers to choose between losing job protections and paying for them. One union official calls it "criminal extortion."

House Republicans stayed up all night to pass their multitrillion-dollar tax breaks package. Speaker Mike Johnson defied the skeptics within his ranks and muscled President Donald Trump’s priority bill to approval Thursday.

Yields on government debt have risen as Congress weighs Trump’s budget plan. Meanwhile, interest on the debt is approaching $1 trillion a year – on par with proposed Defense spending.