House Republicans have unveiled a sweeping bill proposing $880 billion in cuts—largely to Medicaid—to help fund $4.5 trillion in tax breaks central to President Trump's economic agenda.

House Republicans on Monday unveiled one of the most critical pieces of President Donald Trump’s domestic agenda: How it plans to spend trillions of dollars on tax breaks.

While he won some new tax breaks he called for, they were given an expiration date. And he failed to convince lawmakers to eliminate the so-called carried interest loophole for private equity managers and others.

WASHINGTON – House Republicans unveiled a sweeping tax plan that will become the central piece of President Donald Trump's signature legislative accomplishment of his second term. The proposal unveiled May 12 would make the 2017 Tax Cuts and Jobs Act permanent,