Republicans are loudly embracing President Donald Trump's populist priorities, though critics say a sweeping tax-cut bill that offers some breaks to working-class Americans still favors the wealthy and threatens social benefits his voters rely on.

In addition to raising the endowment tax rate for the richest schools to as much as 21%, the bill hits schools with heavy foreign student enrollment.

It targets several clean energy tax credits implemented under the Democratic reconciliation bill passed under President Joe Biden, including eliminating tax credits for electric vehicles, credits for clean energy home investments, and sunsets tax credits for certain types of renewable energy production.

The fine print on President Donald Trump’s “big, beautiful” tax and spending bill means “taxpayers have extra homework to do,” one expert said.

It found that, on average, all income groups would benefit from the tax proposals. But more than two-thirds of the tax cuts would go to those making $217,000 or more,

Republicans in the U.S. House of Representatives on Monday proposed killing the electric vehicle tax credit and repealing fuel efficiency rules designed to prod automakers into building more zero-emission vehicles as part of a broad-based tax reform bill.