New Delhi, June 28 -- Senate Republicans have announced a revised $4.2 trillion tax cut package, moving closer to a vote as they aim to meet US President Donald Trump's July 4 deadline.

The new draft reflects compromises designed to bridge differences within the Senate GOP, particularly regarding social safety programs such as Medicaid and how rapidly to phase out of renewable energy tax credits enacted under the Biden administration, according to a Bloomberg report.

Republicans plan to start voting on the tax bill on Saturday with final votes coming as soon as early Sunday. Party leaders plan to bring House members back to Washington early next week for what they hope will be final approval of the measure in time for Trump's Independen...