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.

Republicans in the House of Representatives on Wednesday moved closer toward advancing U.S. President Donald Trump's massive tax-cut and spending bill, appearing to overcome concerns over its cost that had been raised by a handful of hardliners.

Speaker Mike Johnson and Trump are working to win over holdouts and meet a self-imposed July 4 deadline after the Senate passed the massive tax cut and spending package.