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 with what they would face if the 2017 tax cuts expired.

After days of negotiations and last-minute dealmaking, the US Congress passed a multitrillion-dollar tax and spending bill securing President Donald Trump’s domestic policy agenda.

Republican lawmakers have handed President Donald Trump the first major legislative achievement of his second term, following a fierce arm-twisting campaign by GOP leaders to unite a deeply divided party behind his sweeping domestic agenda.