Clause 22 now specifies that homeowners can claim a flat 30% standard deduction on the annual value of a residential property ...

“The Select Committee, after a detailed examination of Clause 19 of the original Income-tax Bill, 2025, identified a critical ...

The new bill removes redundant provisions and archaic language reduces the number of sections and chapters in the Income Act ...

The Parliament has approved the revised Income Tax bill, incorporating nearly all recommendations from the Select Committee.

The Republicans’ “big, beautiful bill” will make the poorest Americans even poorer, while padding the wallets of the highest earners the most, according to an analysis released Monday by ...

Rep. Young Kim had been among a small group of House Republicans who had said they would not back any major cuts to Medicaid.

Parliament today passed the revised Income Tax Bill, 2025, which aims at simplifying the Income Tax Act, 1961, thereby ...

NRCC begins nationwide digital ad campaign touting the 'one big, beautiful bill' that extends Trump's tax cuts and eliminates taxes on tips, while Democrats criticize Medicaid changes.

On July 3, Fitzpatrick was the only Republican opposed to the rule that set up a straight up-or-down vote on the Senate's version of the bill. The near unanimity came after Trump hosted skeptical ...

With lawmakers out of Washington for a five-week summer recess, a field hearing in a swing state gave G.O.P. lawmakers a ...