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.

The current version of the proposal calls for the state and local tax deduction cap to be hiked to $30,000, which a group of blue-state Republicans have said is a nonstarter.

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.

Republicans in the U.S. House of Representatives on Tuesday will kick off their public debate on crucial elements of President Donald Trump's tax cut and budget legislation, facing choices that may strain their narrow majority.