The Senate Republican has released an updated version of mass spending and tax deduction law, including President Trump’s domestic agenda, sets tables for votes on law in less than a week. The party’s self-departed from the time limit of July 4.

The update bill shared several overall policies, which was passed narrowly in the House of Representatives in May, including the expansion of Trump’s 2017 tax deduction, as well as an increase in funds for border security, defense spending and energy production.

Republican leaders are expected to start votes on measurements on Saturday. The process includes an open-ended series of modifications that can spread on Sunday and make further changes to the bill.

Where the Republicans remain divided, they pay for these priorities. Despite the same toplines, Senate’s proposed law has several changes from the bill-passed bills, especially the greater increase in debt range and major changes in medicid, insurance programs for low-income Americans.

The Senate Bill also amends the advice of Senate MP, Elizabeth McDono, who works Playing an unpublished and non -girl The chamber focused on maintaining rules. In the last week, McDono found that several provisions in the bill did not qualify for a simple majority under harmony and needed to be removed.

The Senate Bill is expected to withstand pushbacks from the party’s conflicting groups, especially from fiscal huxe to reduce losses and MPs who have drawn a red line on major cuts for social security net programs.

And there is still internal conflict on how to address the borrowing limit of the nation. Sen Rand Paul of Kentki vowed to vote against the bill on the issue.

While some GOP senators are also concerned about the bill, the big fight can rest back to the House, which holds a razor-split majority and if it passes the Senate, the same bill will need to be agreed.

This is a developing story, some elements of the bill were interacted till the last minute. Thus there is a partial list and will be updated.

Some biggest changes

Tax encouragement

Republican of Congress has included many President’s tax campaign promises In the bill. The Senate text includes temporary changes that will allow Americans to cut up to $ 25,000 for tip wages and up to $ 12,500 for overtime pay through 2028. The Senate version also says that overtime and tip cuts will be reduced for income with more than $ 150,000 income for Americans. Those boundaries were not included in the version of the house.

The Senate Bill also increases the child tax credit from $ 2,000 to $ 2,200 per child and adjusts the amount for inflation after 2025. This is slightly different from the plan of the house, which is to cut back to the current level and temporarily increase the credit to $ 2,500 before adjusting to inflation.

In addition, the Senate text will permanently expand the standard deduction, which mark a significant difference from the house bill, which temporarily expands it through 2028. Senators promoted tax deduction for over 65 to $ 6,000 people via 2028 compared to $ 4,000 in the House Bill. Both chambers consisted of a phase for people earning more than $ 75,000.

Increase in debt roof

The Senate has proposed a major growth to the country’s debt limit compared to the House Bill, which has agreed to the $ 4 trillion.

Raise Credit limit Does not authorize new expenses. Instead, it allows the government to pay for the programs that the Congress has already authorized. If the cap is not raised and the government cannot fulfill its obligations, it will be a risk of default – a landscape that economists say that not only for America, but as a global financial system will be frightening. CBO Estimate Without action from the Congress, the US will go out of money to pay its bills at some point between mid-August and end of September.

earlier this month, 38 members signed a letter The Senate Magority Leader John Theun, addressing RND, criticizing the size of growth.

Changes in snap

Both Senate and House underlined the reforms for the supplementary nutrition aid program, known as SNAP, which helps Americans with less than 40 million lower income.

The Senate Bill includes extended work requirements that continue to work until the age of 64 years of competent bodies “. There are discounts for parents with children under 14 years of age and there are limitations in ways for those requirements that can give exemption for those requirements.

The bill will also force the states to take a large share of the cost of providing food aid. The outstanding amount of a state will be based on a formula determined by the percentage of wrong payment reported each year. Those changes will be applicable in 2028.

Has it been mostly the same

Extension of cut cuts

The Senate Bill Taxes for $ 4 trillion in tax deduction, which is slightly higher than the proposed $ 3.8 trillion in the House. The step will expand Trump’s 2017 tax deduction, which are ready to end at the end of the year, which means that without an extension, their taxes will be seen in most homes.

Arabs for border security

Both Senate and House Bill allocate $ 46.5 billion to complete the border wall of Trump. It puts $ 5 billion for customs and border security facilities and more widely used for border security. The Senate Bill determines less funds to rent and maintain more agents and authorities, proposing $ 4.1 billion compared to $ 6 billion allocated in the House. The law also invests in advanced technology for screening and monitoring US borders.

New immigration fee

Like a house-passed bill, Senate law includes a handful of new or increased fees for immigration services. The bill will make a fee of $ 550 for the Working Authority applications with renewal every six months.

However, the Senate MP determined that the $ 1,000 fee for asylum applications does not meet the rules required to qualify for a simple majority vote.

A student loan overhaul

Like the house-passed bills, the Senate plan will scrap several existing repayment options, including biden-era sev programs that are paid on income and domestic size. It replaces them A new, standard repayment scheme And an income-based plan Republican calls its “repayment assistance scheme”. This bill will also cap by cap that parents and graduate students can withdraw in federal loans every year.

A difference between the two bills concerns the PAL grant program for students with low -income students. The House proposed to increase the credit hours required for full -time and part -time students to receive PAL grants, but the Senate has upheld the current enrollment rules. The Senate Bill prevents students from obtaining qualification for a pail grant if they have received complete scholarships through other sources of assistance.

Regulating artificial intelligence

The Senate proposes allocation of $ 500 million to broadband, equity, access and peripinening program, which focuses on increasing broadband access to Americans, and specifies that funding can be used to develop artificial intelligence models and systems. But for this it is also necessary that states only receive this money if they do not regulate AI for 10 years. That rule was also placed in a house-passed bill