U.S. Senate Republicans passed President Donald Trump's massive tax-cut and spending bill on Tuesday by the narrowest of margins, advancing a package that would slash taxes, reduce social safety net programs and boost military and immigration enforcement spending while adding $3.

The $40,000 cap would begin in 2025, with the same $500,000 income phaseout, and both figures would rise by 1% annually from 2026 through 2033.

The Budget Lab at Yale University estimated Monday that effects from the bill on taxes, Medicaid and spending on the federal SNAP food stamps program would cost the lowest-earning 20% of Americans