1. “We have the votes.”

That’s what Senator Mitch McConnell told reporters on Friday, and he appeared to be right: The Senate is now on the verge of passing the Republicans’ sweeping tax overhaul. Check back for the latest updates.

An independent tax center said that the bill would add $1.2 trillion to federal deficits over 10 years, and we modeled taxes for 25,000 middle-class families to see how it would affect them. You can check this graphic to see how many people in your income group would get a tax cut.