The House proposal would enact Trump's major campaign promises while dramatically changing Medicaid, food benefits, income taxes and border security.

Extending the 2017 tax cuts alone could save the typical household $2,900, but the legislation also affects overtime, tips and health care.

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 – President Donald Trump 's sweeping tax and policy bill that would change Americans' everyday lives has cleared one big hurdle after several marathon days of negotiations in the U.S. House and an assist from the president himself. But the 1,000-plus-page legislation is still a long way from becoming a law.

White House press secretary Karoline Leavitt said she was confident the Senate would pass the budget bill and that her team was "suiting up" to get it through the Senate. When asked about GOP Reps. Thomas Massie and Warren Davidson's no votes on the bill,