The House voted Wednesday to pass the first installment of the tax reform package that President Donald Trump has promised to sign next week.
The Senate has yet to take up its own version of the bill.
The House vote came on the eve of the House’s weekly break, which Trump is expected to sign into law Thursday.
The legislation will also provide relief to some people who earn less than $75,000 a year and eliminate a tax on investments.
It includes $2.5 trillion in tax cuts for individuals and businesses, and $2 trillion in cuts to business taxes.
Trump has said he will sign the bill into law on his first day in office.
Senate Majority Leader Mitch McConnell (R-Ky.) has promised that the Senate will begin its work on the package next week and deliver the final legislation by the end of the month.