President-elect Donald Trump pledged to renew the tax cuts that he enacted in his first term, but keeping them around could add trillions to the federal deficit.

President-elect Trump’s election win is setting up a fight among Republicans over cutting taxes and reining in the deficit as the party inches toward control of both chambers of Congress. Republicans are on track to kick off the second Trump administration with majorities in both chambers,

The Louisiana House of Representatives voted Tuesday to eliminate the state’s $150 million tax incentive for film and TV production, as part of a broad package of measures to reduce the state income tax.

Louisiana's increasingly popular state tax credit for film and television production may be at risk as legislators at a special session are considering the repeal of a wide range of incentives. The credit – with a base of 25% that can run as high as 40% — is capped at $150 million annually (with up

Louisiana's House of Representatives approved a bill that would cut the state's $150 million tax credit for film and TV productions.