All told, the Senate bill includes $4.5 trillion in tax cuts, according to the latest CBO analysis, making permanent Trump’s 2017 rates, which would expire at the end of the year if Congress fails to act, while adding the new ones he campaigned on, including no taxes on tips.

President Donald Trump touted his signature domestic policy legislation, dubbed the “one big, beautiful bill,” on Tuesday afternoon after the Senate narrowly passed the measure following weeks of laborious negotiations.

Vice President JD Vance cast the tie-breaking vote in the evenly split 50-50 chamber, securing the bill's Senate passage.