U.S. Senate Republicans have unveiled their version of President Donald Trump's sweeping tax-cut and spending bill that is broadly similar to the legislation that narrowly passed the House of Representatives last month.

Under current law, the maximum child tax credit is $2,000, which will revert to $1,000 after 2025 without action from Congress. Both House and Senate proposals would increase the top credit, but phase-ins would mirror the current tax break.

Senate Republicans are taking Medicaid cuts even further than their House counterparts with legislation that targets hospital payments.

Senate Republicans have unveiled a sweeping plan to overhaul the Medicaid program, with changes policy analysts warn could lead to even greater coverage losses and pain for hospital systems than the aggressive proposal passed by the House of Representatives last month.

The Senate Finance Committee is revising the proposed Medicaid cuts in the GOP’s “big beautiful bill” — a move sure to spur vehement opposition from hospitals.