Almost all of the cuts that Republicans hope to pass in the coming weeks will last only until President Trump is set to leave office.

Republicans in Congress are moving with rapid speed to advance President Donald Trump’s big bill of tax breaks, spending cuts and beefed-up border security funding.

The House Ways and Means Committee voted 26-19 to approve the tax part of the legislation after a marathon markup meeting that lasted more than 17 hours.

House Republicans are eyeing a vote on the final package before Memorial Day, even as they have yet to reach consensus on several key issues.

Two committees advanced legislation that would combine into the “big beautiful bill” to enact President Trump’s agenda, and a third was on track to do so. But the package faces a rocky path.

Canada will cut the lowest personal income tax rate to 14% from 15% on July 1, but Prime Minister Mark Carney’s new government won’t release a budget before the summer months.

Republicans' “one big beautiful bill” would eliminate taxes on tips and overtime, give new cuts to seniors, and make interest on certain auto loans deductible.

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  House GOP moves Trump tax cuts through committee The House

The cost of Republican lawmakers’ draft plan for sweeping tax cuts weighed in at $3.8 trillion over the next 10 years in one official estimate. The reality is likely much higher, thanks to the use of budget and political tools designed to minimize the appearance of the fiscal hit,