New Delhi, May 13 -- House Republicans on Monday (May 12) released the detailed tax provisions of their massive fiscal bill, outlining a Trump-aligned agenda that slashes taxes across the board while targeting elite universities, renewable energy incentives, and immigrant remittances. The package is the centerpiece of President Donald Trump's "One Big, Beautiful Bill" - and comes after weeks of tense negotiations among GOP lawmakers.

While business interests won many of their top requests, the bill also weaves in Trump's populist campaign pledges such as tax breaks on tips and overtime pay.

Despite speculation, House Republicans rejected a proposal backed by Trump himself to raise the top income tax rate for individuals making more than...