A cap on state and local tax deductions, slashes to Medicaid, increased immigration enforcement and more are included in the spending bill.

Republicans are getting closer to the finish line in getting their tax and spending cut bill through Congress with a final House vote possible on Wednesday. At some 887 pages, the legislation is a sprawling collection of tax breaks,

The $40,000 cap would begin in 2025, with the same $500,000 income phaseout, and both figures would rise by 1% annually from 2026 through 2033.