In a massive setback, House Republicans failed Friday to push their big package of tax breaks and spending cuts through the Budget Committee, as a handful of conservatives joined all Democrats in a stunning vote against it.

U.S. President Donald Trump's sweeping tax bill failed in a procedural vote in a key congressional committee on Friday, as five Republicans rejected the package amid calls for deeper spending cuts, potentially delaying its passage in the House of Representatives.

Wealthy Americans and business investors are among the big winners in GOP draft tax legislation, while immigrants and elite universities get hammered.