Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  House GOP moves Trump tax cuts through committee The House

Republican tax writers propose eliminating a $200 tax on firearm silencers as part of Trump's tax reform, potentially benefiting gun-rights groups. The move could cost $1.4 billion over a decade. While some argue it's about hearing protection,

Lawmakers on Capitol Hill are debating a new tax cuts bill that includes no taxes on tips and overtime, investment accounts for babies, and a new deduction for Social Security.

Republicans and Democrats grew weary in the early hours of Wednesday morning on Capitol Hill as they slogged through at-times contentious debate over provisions in President Donald Trump’s sweeping tax and spending cuts package.

The child tax credit is currently $2,000 but will drop back to $1,000 at the end of this year if not extended. In a statement posted to Truth Social, Trump said the proposed bill is "GREAT" and sent a warning message to congressional Republicans who will likely push for changes: "We have no alternative,