The Tax Policy Center, which provides nonpartisan analysis of tax and budget policy, projected the bill would result next year in a $150 tax break for the lowest quintile of Americans, a $1,750 tax cut for the middle quintile, and a $10,950 tax cut for the top quintile. That’s compared to what they’d face if the 2017 tax cuts expired.

Trump administration live updates: House leaders and White House officials scramble to sway GOP holdouts on Trump agenda bill House Speaker Mike Johnson has said he hopes a final vote on the Trump-backed bill will take place today or tomorrow.

Republicans in the House of Representatives on Wednesday moved closer toward advancing U.S. President Donald Trump's massive tax-cut and spending bill, appearing to overcome concerns over its cost that had been raised by a handful of hardliners.