The GOP megabill has new tax breaks aimed at low- and moderate-income households, and spending cuts that could make it harder for some to receive public assistance or hold onto health insurance.

President Trump is scheduled to sign the bill into law at 4 p.m. on July 4 at the White House, locking in tax reductions and Medicaid cuts.

U.S. President Donald Trump will sign the massive tax-cut and spending bill he championed on Friday at 5 p.m., the White House said on Thursday. (Reporting by Jasper Ward and Andrea Shalal; Editing by Doina Chiacu;