The carried interest loophole refers to a provision in the U.S. tax code that allows investment fund managers, like private equity executives, to pay a lower tax rate than normal,

After a meeting with Trump and conservative holdouts, Speaker Mike Johnson said he planned told hold a floor vote Wednesday night or Thursday morning.

Connecticut’s congressional delegation joined opposition to House Republicans’ “big beautiful bill” designed to carry out President Donald J. Trump’s agenda

WASHINGTON (AP) — The multitrillion-dollar tax breaks package passed by House Republicans early Thursday would gut clean energy tax credits that Democrats approved three years ago while supporting increased mining, drilling and other traditional energy production.

Others could see their monthly benefits reduced if the bill were to become law, according to the nonpartisan Congressional Budget Office.

Republican tax bill could cost $3.8 trillion over 10 years as its tax cuts surpass spending reductions, according to one analysis.

The Kentucky Republican, one of only two to vote against Trump’s 1,000-page bill, took the floor to offer his GOP colleagues a “dose of reality” about how the bill will saddle the U.S. with trillions in debt for decades to come.

We highlighted the substantive changes made by House Republicans to secure the support of several holdout members.