The bill proposes a new $6,000 per-person tax deduction for seniors. The maximum deduction starts phasing down once income surpasses $75,000 per person, or $150,000 for joint filers. Then it phases out completely once income crosses $175,000 per person or $250,000 per couple.

The House is expected to take up Senate Republicans’ version of the reconciliation package on Thursday, following debate time. If it passes without changes it would make President Trump’s tax cuts permanent,

The bill also allows for the extension of 2017 tax cuts while forcing states to shoulder more of the cost of welfare food benefits

The revised package now heads back to the House, where Republican leaders hope to approve it and send it to Trump before a self-imposed July 4 deadline. But it faces hurdles.

Senate Republicans’ tax bill raises the ‘SALT’ deduction cap to $40,000. Here’s who could benefit from the change.