By Ashley Wu, Andrew Duehren, Brad Plumer, Tony Romm, Margot Sanger-Katz and Michael Gold
Republicans are racing to deliver a sprawling domestic policy package for President Trump that cuts taxes, boosts spending on the military and immigration enforcement and slashes social safety net programs to help pay for it.
The House passed its version last month and senators released their latest draft just after midnight on Friday, hoping to tee up votes in the Senate in the coming days. There are big differences between the two chambers’ bills, and Republican leaders have toiled to resolve their disputes about critical pieces to keep the package on track. The measure must pass the Senate and then win final approval in the House to clear Congress.
Here is a look at some of the key provisions in the bill and major differences.
Key tax cut extensions
Many of the tax cuts President Trump signed into law in 2017 are set to expire at the end of the year. Republicans in both chambers want to extend and expand on those tax cuts, but they differ on how to do that.
| Standard deduction | Both bills would raise it above its current level of $15,000 ($30,000 for couples), with adjustments for inflation each year. |
House Adds $1,000 ($2,000 for couples), from 2025 through 2028. |
Senate One-time, permanent boost of $750 ($1,500 for couples) in 2025. |
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| Child tax credit | The maximum credit is currently $2,000 per child. Both bills would index the credit’s size to inflation and then make an additional increase. |
House Temporarily increases it to $2,500, starting in 2025 through 2028. Both parents need a Social Security number. |
Senate Permanently increases it to $2,200 in 2026. Only one parent needs a Social Security number. |
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