The Republican tax and spending bill cleared an important hurdle Sunday night. As the legislation advances, here are the key provisions financial advisors should watch.

House GOP leaders worked through the weekend to win over a quartet of fiscal conservatives who voted last week to block Trump’s Big Beautiful Bill.

WASHINGTON (AP) — Cheers broke out early Wednesday as Republicans on the House Ways and Means Committee signed off on the GOP tax breaks bill after a grueling round-the-clock session that pushed President Donald Trump’s package past overwhelming Democratic opposition.