The United States Congress is currently considering a historic tax bill. The White House suggests this bill could increase American workers' salaries by up to $11,000.
The proposed tax plan includes expanding the child tax credit, making it permanent for over 40 million families. It also aims to eliminate taxes on tips and overtime, alongside a significant tax reduction for each hour worked by seniors.
The bill has passed the House of Representatives and awaits Senate approval, where Republicans hold the majority. However, the plan's high cost, estimated at over two trillion dollars, has faced resistance.