The Latest Breaking News from Senate Finance

A $78 billion tax deal is set for a vote Wednesday after House leaders agreed to vote as soon as next week on state and local tax deductions.

The House Ways and Means Committee voted overwhelmingly to approve a $78 billion tax package, with all but three members in favor.

Democrats may need to make some changes to the tax portion of their budget reconciliation package to earn the support of Arizona Sen. Kyrsten Sinema, including possible removal of a tax increase on investment fund managers and softening a new minimum tax on the biggest corporations.

Democratic leaders in the Senate need to woo Arizona Sen. Kyrsten Sinema, but some don't want to give away too much

WASHINGTON — Democrats’ demands for changes to the tax code are threatening to complicate efforts to pass a slimmed-down budget reconciliation package by the August recess, as warring positions on a deduction for state and local taxes reemerge as a potential roadblock.

Democrats’ demands for changes to the tax code threaten to complicate efforts to pass a budget reconciliation package by the August recess.

From increased drug and alcohol use to increased experiences of abuse and suicidality, the pandemic wreaked some major havoc on the health of American teenagers, according to a CDC report released Thursday.

WASHINGTON — Senate Finance Committee Democrats are discussing ways to tax large oil and gas companies’ excess profits that could be tied to the recent spike in global crude oil prices and use the revenue to provide financial support to consumers impacted by higher costs at the pump.

Senate Finance Committee leaders said they aim to put together a bipartisan legislative package addressing mental health.