The U.S. House of Representatives voted Tuesday to repeal Obamacare’s individual mandate, allowing the president to make major tax cuts without Congress’ approval.
The House also voted to repeal the estate tax, and the Senate passed a bipartisan bill that would repeal the alternative minimum tax, a tax that was set to kick in on Jan. 1, 2019.
Trump is expected to sign the tax legislation into law.
The White House announced Tuesday that Trump is likely to sign a measure repealing the estate and alternative minimum taxes on Jan., 1.
Trump also announced that he will sign a bill to end a ban on individuals from deducting medical expenses from their taxes, which the Senate approved in May.
But the Senate and House are still wrangling over the Senate’s measure, which would repeal a provision of the Affordable Care Act that requires companies to report the cost of all their health care expenses, such as copayments and deductibles.
Trump and Senate Majority Leader Mitch McConnell, R-Ky., were already moving to undo the estate taxes on the day Trump took office.
The bill also contains an amendment that would eliminate a tax on interest paid on savings accounts.
McConnell has said that he would support repealing the tax if the Senate approves the measure.
But some Democrats have expressed concerns about a provision that allows for a tax credit for individuals who take out a home equity loan or a qualified life insurance policy.
The tax bill includes $1 trillion in tax cuts for the wealthy.
The Senate passed its version of the bill on Monday, with Vice President Mike Pence and other Democrats in attendance.
The two chambers are still working out differences.
The Democrats are still trying to reconcile differences that could see the tax bill add billions of dollars to the deficit, but McConnell says the House is willing to compromise.
The Trump administration had previously promised that any tax legislation that passed the House would be signed into law by Trump.
The president, however, has said the legislation will be more of a “renegotiation” of the tax system, rather than an overhaul of the entire tax code.
He says the tax code will be reviewed and improved in the coming weeks.
The Associated Press contributed to this report.