The bill encompasses Trump's domestic agenda, extending tax breaks to millions of American households and businesses that are projected to add trillions to the national debt.

The deeply divided House is moving to take up President Donald Trump’s sweeping tax and spending cuts package after a group of Republican holdouts reversed course and agreed to allow the bill to come to the floor,

President Trump is scheduled to sign the bill into law at 4 p.m. on July 4 at the White House, locking in tax reductions and Medicaid cuts.