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

House Republicans advanced the bill late Sunday, but budget analysts across the political spectrum warn that the proposal worsens the U.S. fiscal picture.

U.S. Republican tax writers pushing through President Donald Trump's signature tax cut priorities proposed to eliminate a customer tax on firearm silencers, potentially undoing the almost 100-year-old tax.

The greatest benefits would go to high-income households, while low-income families would see a much more modest boost, analyses show.

Even though most Americans may see lower taxes, Republicans’ spending cuts could outweigh those benefits and leave some worse off.

Internal Republican divisions over President Donald Trump's massive tax and spending bill played out in at the Wisconsin GOP convention.

WASHINGTON (AP) — Republicans will look to get their massive tax cut and border security package back on track during a rare Sunday night committee meeting after that same panel voted against advancing the measure two days earlier, a setback that Speaker Mike Johnson is looking to reverse quickly.

Treasury Secretary Scott Bessent on Sunday dismissed Moody's downgrade of the U.S. sovereign credit rating, as the Republican-controlled Congress tried to push ahead on President Donald Trump's sweeping tax-cut bill.