The bill proposes a new $6,000 per-person tax deduction for seniors. The maximum deduction starts phasing down once income surpasses $75,000 per person, or $150,000 for joint filers. Then it phases out completely once income crosses $175,000 per person or $250,000 per couple.

The House passed Senate Republicans’ version of the reconciliation package on Thursday 218-214 in a largely party line vote. Only... The bill will now head to President Trump’s desk. He is expected to sign it on July 4.

The House is debating ahead of a key test vote for President Donald Trump's tax and immigration megabill to send it to the floor for a final vote but it was unclear Wednesday morning if Speaker Mike Johnson has the votes to get it passed.

The revised package now heads back to the House, where Republican leaders hope to approve it and send it to Trump before a self-imposed July 4 deadline. But it faces hurdles.

WASHINGTON (AP) — The Senate was voting Tuesday on President Donald Trump’s big bill of tax breaks and spending cuts, Republican leaders announcing they believed they had overcome dissent from their own GOP ranks and secured enough support to power past Democratic opposition after a turbulent overnight session.