Trump's big beautiful bill gets crucial vote to move on. What to know about reconciliation bill details: no tax on tips, overtime or Social Security.

House Republicans are preparing to vote on their multi-trillion-dollar package of tax breaks and program cuts as soon as Wednesday.

The Congressional Budget Office estimates the Republican bill would shrink resources for low-income households.

More than an estimated 8 million recipients could lose Medicaid coverage, according to a CBO analysis requested by House Democrats. Republicans say they're targeting able-bodied adults and undocumented immigrants, but other beneficiaries could also be impacted.

A little-known provision that allows rich residents of high-tax states to lower their federal tax bill has become one of the biggest sticking points in negotiations over Republicans' massive spending plan.

President Donald Trump maintained that Republicans are united behind his “big, beautiful bill” despite a number of outspoken GOP lawmakers who have decried the bill.

Plus: Harvard and tax-exempt status, federal deficits and debt, cyberattacks and business tax deductions, filing deadlines, tax trivia and more.

A larger tax cut still will not offset the drag on the U.S. economy caused by tariffs, according to Goldman Sachs' Alec Phillips.