U.S. President Donald Trump's sweeping tax-cut bill, which had been stalled for days by Republican infighting over spending cuts, won approval from a key congressional committee on Sunday in a rare victory for Trump and House Speaker Mike Johnson.

The White House Council of Economic Advisers has released new taxpayer savings projections for President Donald Trump's "big, beautiful bill."

If passed into law, the bill would push 7.6 milion people off Medicaid, according to the Congressional Budget Office. Cuts and new conditions for SNAP food aid would save $300 billion over ten years. Trump's 2017 tax cuts would be made permanent, costing $2 trillion over the next decade.

Former Vice President Mike Pence is praising congressional Republicans for pushing ahead with President Donald Trump’s bill of tax breaks and spending cuts.

The idea is politically popular, but the tax benefits may not go as far for low-income workers as many may think.

Goldman said tariffs could overshadow and boost to the economy provided by Republicans' sweeping fiscal package, which includes big tax and spending cuts.

The White House said President Donald Trump's "big, beautiful bill" includes a 401K-style savings account for new parents and is "very pro-family."