Musk said he's carrying out his threat to form a new political party after a falling out with Trump over the president's ...

ABC News’ Senior Political Correspondent Rachel Scott reports on the impacts of the GOP’s “big, beautiful bill.” ...

President Donald Trump has signed his tax and spending bill into law after Republicans muscled it through Congress.

Trump's exclusion of an oft-touted Social Security proposal will be highly unpopular but is absolutely necessary.

Different provisions of the GOP tax and spending bill will kick in over the next year or so. Many are set to expire just ...

U.S. President Donald Trump signed into law a massive package of tax and spending cuts in a ceremony at the White House on ...

The GOP megabill has new tax breaks aimed at low- and moderate-income households, and spending cuts that could make it harder ...

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

The House has passed the massive tax and spending cuts package that President Donald Trump calls “beautiful,” getting it to ...

President Trump signed a sweeping tax cut and spending bill at the White House July 4 picnic, delivering major GOP priorities ...

Protesters gathered in Richmond to rally against President Trump's new bill that cuts Medicaid funding while increasing ...

President Trump is scheduled to sign the bill into law at 4 p.m. on July 4 at the White House, locking in tax reductions and Medicaid cuts.