The bill proposes a new $6,000 per-person tax deduction for seniors. The maximum deduction starts phasing down once income surpasses $75,000 per person, or $150,000 for joint filers. Then it phases out completely once income crosses $175,000 per person or $250,000 per couple.

The Senate has passed a $4.5 trillion tax cut bill after last-minute changes to its health care provisions, as Republicans scrambled to get their party on board.

WASHINGTON (AP) — The House has passed the massive tax and spending cuts package that President Donald Trump calls “beautiful,” getting it to his desk a day before the July 4 deadline that he had set.