币界网报道:[Revised version of US Senate Republican tax cut bill: plans to raise debt ceiling by $5 trillion] According to the Coinnet report, US Senate Republicans on Tuesday released revised tax and health care provisions in Trump's trillion-dollar economic plan, a key step in achieving their goal of passing the bill before July 4. The new version of the bill will increase the debt ceiling by $5 trillion while expanding some tax breaks, an increase from the $4 trillion in the version passed by the House of Representatives. This version basically follows the framework of the House bill, as Senate Republican leaders try to avoid lengthy negotiations on the substance of the bill - if the Treasury Department cannot continue to take extraordinary debt limit measures in mid-August, the United States may face the risk of debt default. Conspicuously missing from the draft is an agreement on state and local tax (SALT) relief. The bill temporarily retains the current $10,000 SALT deduction cap as a transitional provision, and lawmakers are still negotiating this politically important tax cut policy. The legislation largely continues Trump's 2017 tax cuts for families and small businesses, which will expire at the end of 2025. The bill also includes a series of new tax cuts, including the elimination of taxes on tips and overtime pay, which the president promised during his campaign.