The Tax Policy Center, which provides nonpartisan analysis of tax and budget policy, projected the bill would result next year in a $150 tax break for the lowest quintile of Americans, a $1,750 tax cut for the middle quintile, and a $10,950 tax cut for the top quintile. That’s compared to what they’d face if the 2017 tax cuts expired.

U.S. Senate Republicans passed President Donald Trump's massive tax-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.

Broadly, the legislation extends President Trump’s 2017 tax cuts, making current income-tax rates permanent, and adds some new breaks. It boosts spending on defense and border security by hundreds of billions of dollars. Those increases are offset by cuts to spending on healthcare programs, nutrition assistance and clean-energy tax credits.