The spending bill passed by the U.S. House increases a tax the richest private universities pay on their endowment investment gains, a move proponents say reins in "woke" schools but that critics say will wind up hurting the poorest students the most.

The House bill includes SALT cap increases, changes to Medicaid and SNAP and new rules to claim child tax credits.

The US House of Representatives has passed a wide-ranging tax and spending bill backed by President Trump. The legislation, which passed with a vote of 215-214, still needs Senate