While House Republicans’ major tax-cut bill contains hundreds of pages of policy changes, it also leaves out some key tax provisions that have been discussed over the past several months. The House voted early Thursday to pass the $4 trillion budget reconciliation bill,

There’s a stark contrast between the effects on high earners and those on low-income households in a sprawling legislative package House Republicans passed Thursday.

California Republicans were pleased that lower- and middle-income residents will be able to deduct more of their state and local taxes, or SALT. The deduction, now capped at $10,000, would rise to $40,000 for those with taxable incomes of less than $500,000.