For many families, another key source of savings is the child tax credit. Senate Republicans proposed permanently increasing the credit available to parents, which would be set at $2,200 per child, beginning in the 2025 tax year. House Republicans had proposed to bump up the credit to $2,500, but only through 2028.

A proposal by Senate Republicans would adjust the pace at which some crucial home energy efficiency and electric vehicle tax credits are phased out in timelines different from what House Republicans p

Senate Republicans are proposing deeper cuts to Medicaid than the House of Representatives' recently passed budget bill to help pay for President Donald Trump's major tax cuts under a budget plan released on June 16.