The big tax-and-spending bill in Congress would end a race against time by the wealthy to avoid estate taxes. The bill passed in the House last month and the Senate Finance Committee proposal released Monday both would permanently allow people to hand their heirs $15 million without paying a dime.

U.S. Senate Republicans' proposed changes to President Donald Trump's sweeping tax-cut and spending bill are expected to push U.S. debt levels higher, roughly in line with projections from the House-passed version,

Senate Republicans on Monday released details on the most contentious elements of the sweeping legislation to enact President Trump's second-term agenda. The Senate Finance Committee unveiled its portion of Mr.