Donald Trump wants to sign his 'big beautiful' tax and spending bill into law July 4. Here's where it stands before the final vote in Congress.

Colorado’s U.S. House members voted along party lines on President Donald Trump’s $4.5 billion tax breaks and spending cuts bill Thursday, with all four Republicans supporting it.

The bill proposes raising the state-and-local-tax deduction cap to $40,000 with a 1% increase every year through 2029, then reverting to $10,000 in 2030. It sets the income threshold at $500,000 and increases it by 1% annually through 2029.