President Donald Trump and congressional Republicans are promising that their sweeping tax and spending cuts package will usher in an era of historic economic growth.

President Donald Trump had previously set a July 4 deadline for Congress to pass his sweeping tax and spending package.

Senate Finance Committee unveils its proposed changes to the House-passed version of Trump's "big, beautiful bill," which could put the two chambers on collision course.

The Senate Finance Committee and the House have each advanced their versions of the 2025 tax bill, both aiming to make permanent many provisions from the 2017 Tax Cuts and Jobs Act (TCJA). However, important differences could significantly impact estate and tax planning .

All the yelling and screaming among Republicans on provisions in the megabill will matter only up until the moment Trump says it’s time to vote.

The Senate Finance Committee released the sweeping proposal Monday, putting their own stamp on a package the House passed in May. One major difference in the Senate’s is the preservation of some clean

Now there are two versions of the "One Big Beautiful Bill," and they have some key differences for Republican lawmakers to work out.

House Republicans’ sweeping tax and spending cuts package would add $2.4 trillion to the deficit over the next decade, according to the Congressional Budget Office’s analysis of the bill that GOP lawmakers narrowly approved last month.

Proposed changes have reportedly angered some House Representatives, and differing views on the legislation could make passing Trump's bill difficult.