Immigrants and wealthy universities, as well as foreign companies, would see higher taxes under the House-passed bill.

The bill, passed by a single-vote margin, would fulfill many of Trump's populist campaign pledges. All of the chamber's Democrats and two Republicans voted against it. One Republican missed the vote because he had fallen asleep.

House Republicans approved President Donald Trump’s sprawling tax and immigration agenda Thursday morning, sending to the Senate legislation that the GOP hopes will transform the federal government and the economy and power the White House’s drive to deport immigrants and build up the military.

Trump and Republicans are directly responsible for the spike in the 30-year Treasury bond yield and mortgage rates,” said the fourth-highest-ranking House Democrat.

WASHINGTON (AP) — With President Donald Trump's multitrillion-dollar tax breaks package at risk of stalling, House Speaker Mike Johnson and conservative Republican holdouts are heading Wednesday to the White House for the last-ditch talks to salvage the "big, beautiful bill."

It looks like a tentative deal has been brokered on Capitol Hill to provide a new SALT cap​, increasing the state and local tax deduction from $10,000 to $40,000.

Tax experts, IRS employees and former Treasury Department officials are all warning that the US government could lose hundreds of billions of dollars in revenue because of the Trump administration’s staffing cuts to the tax agency,