This piece was published prior to the Joint Committee on Taxation's revenue estimate, which totals $4.9 trillion for the bill as drafted. The table below has been updated to reflect this estimate.

At the same time, the draft would temporarily boost the standard deduction by an additional $1,000 to $2,000 for four years and boost the Child Tax Credit by an additional $500 (from $2,000 to $2,500) ...