The bill modestly and permanently raises the maximum amount of the child tax credit from $2,000 to $2,200 per child under the age of 17 and requires at least one parent to have a Social Security number. Those with lower incomes will not benefit as much because they make too little and the tax credit is not fully refundable.

The White House declared "VICTORY!" just after the House passed President Trump's megabill agenda on Thursday. The message came in a social media post from White House press secretary Karoline Leavitt as the bill will now head to the president's desk for signing.