While House Republicans’ major tax-cut bill contains hundreds of pages of policy changes, it also leaves out some key tax provisions that have been discussed over the past several months.
The House voted early Thursday to pass the $4 trillion budget reconciliation bill, 215 to 214. No Democrats joined Republicans in voting for the legislation, dubbed by President Donald Trump and Republicans the One Big Beautiful Bill Act. Crafting the bill took weeks of negotiations, which resulted in some high-profile measures being dropped.
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