House Rules Committee advances Trump's 'big, beautiful bill' for chamber vote, with Republicans backing tax cuts, while Democrats criticize it as a wealthy giveaway.

Vice President JD Vance provided the tie-breaking vote to get Trump's bill across the finish line. It now must go back to the House for approval.

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.