HOUSE PASSES TAX BILL
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Title : HOUSE PASSES TAX BILL
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Title : HOUSE PASSES TAX BILL
link : HOUSE PASSES TAX BILL
news-today.world | The House on Tuesday approved the most sweeping tax overhaul in decades, voting along party lines to enact deep and permanent tax cuts for corporations and temporary cuts for individuals. The vote puts Republicans one Senate vote and one presidential signature away from their first significant legislative achievement.
The Senate is expected to approve the $1.5 trillion tax bill on Tuesday night or Wednesday, clearing the way for President Trump to sign it into law by Christmas.
The Senate is expected to approve the $1.5 trillion tax bill on Tuesday night or Wednesday, clearing the way for President Trump to sign it into law by Christmas.
House Speaker Paul D. Ryan of Wisconsin, speaking on the House floor, called the vote “a turning point” saying “this is our chance, this is our moment.”
Passage of the bill came over the strenuous objections of Democrats in both the House and the Senate, who have accused Republicans of giving a gift to corporations and the wealthy and driving up the federal debt in the process. The final vote tally can be found here.
Twelve House Republicans also voted no on the bill, including lawmakers from high-tax states like New York, New Jersey and California.
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Passage of the bill came over the strenuous objections of Democrats in both the House and the Senate, who have accused Republicans of giving a gift to corporations and the wealthy and driving up the federal debt in the process. The final vote tally can be found here.
Twelve House Republicans also voted no on the bill, including lawmakers from high-tax states like New York, New Jersey and California.
More
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