House Republicans proposed sweeping tax breaks Monday in President Donald Trump's big priority bill, tallying at least $4.9 trillion in costs so far, partly paid for with cuts to Medicaid, food stamps and green energy programs used by millions of Americans.

While he won some new tax breaks he called for, they were given an expiration date. And he failed to convince lawmakers to eliminate the so-called carried interest loophole for private equity managers and others.

WASHINGTON – House Republicans unveiled a sweeping tax plan that will become the central piece of President Donald Trump's signature legislative accomplishment of his second term. The proposal unveiled May 12 would make the 2017 Tax Cuts and Jobs Act permanent,