After a meeting with former President Donald Trump on Tuesday, House Speaker Mike Johnson praised the “Big Beautiful Bill” — officially titled the One Big Beautiful Bill Act — which proposes sweeping federal spending cuts and permanent tax reductions.

The greatest benefits would go to high-income households, while low-income families would see a much more modest boost, analyses show.

The bill, which Republicans will be working to pass over the next several weeks, is the centerpiece of Trump's legislative agenda.

A bill that changes Medicaid and extends trillions of dollars in tax cuts is now over a key hurdle. The House Budget Committee passed it late yesterday.

While proposed changes to Medicaid have gotten a lot of attention, the Republican budget bill in Congress would also make other big changes, including changes to your taxes.

The GOP tax bill could boost the highest-earning Americans' incomes while hurting low earners, according to findings from nonpartisan research groups.