Additionally, President Trump last month pushed Congress to approve a "big, beautiful" tax and spending bill that fulfills several other campaign promises. "In the coming weeks and months, we will pass the largest tax cuts in American history — and that will include no tax on tips, no tax on Social Security, and no tax on overtime," he said.

The tax plan is touching off the biggest political debate over taxes, spending and the nation’s priorities in nearly a decade.

Republicans injected some populist elements to their latest draft plan for Donald Trump’s tax cuts, while stopping short of embracing a progressive move the president recently endorsed and failing to silence critics that it ultimately puts the rich ahead.