A Guide to Trump’s Tax Bill That Passed the House: QuickTake

On May 22, the US House of Representatives passed a multi-trillion dollar bill that implements President Donald Trump’s domestic agenda. The legislation would extends the tax cuts implemented in Trump’s first term, which were set to expire, and allocate billions of dollars to defense, immigration enforcement, and other administration priorities. The measure now moves to the Senate, which is expected to make significant changes. Here’s what to know.

What tax changes are in the bill?

The bill would permanently extend most of the individual and estate provisions of Trump’s 2017 Tax Cuts and Jobs Act, which are largely set ...