Spending cuts needed to get to 4 percent Republicans Pass Disastrous Tax Cuts 1 week ago 03:29
Republicans Pass Disastrous Tax Cuts Spending cuts needed to get to 4 percent 1 week ago 06:46
Read more here: https://www.npr.org/2017/12/20/572157392/gop-poised-for-tax-victory-after-a-brief-delay
“Congressional Republicans delivered on their first major legislative accomplishment of the Trump era on Wednesday, when the House voted 224-201 to pass a $1.5 trillion tax package. The bill cuts individual rates for eight years and slashes the top corporate tax rate to 21 percent permanently.
The bill now goes to Trump for his signature, though it's not clear when he will sign it. The president, Vice President Pence and lawmakers hailed the victory and thanked each other for their work on the bill's passage on the White House lawn on Wednesday afternoon.
"I promised the American people a big, beautiful tax cut for Christmas. With final passage of this legislation, that is exactly what they are getting," Trump said in a written statement earlier in the day. "I would like to thank the members of Congress who supported this historic bill, which represents an extraordinary victory for American families, workers, and businesses."
Republican lawmakers hoped to put the bill over the goal line a day earlier, after the House claimed victory in a 227-203 vote Tuesday afternoon, but hit a procedural hurdle. The Senate passed the bill with some slight tweaks in the early hours of Wednesday morning on a party-line vote, 51-48.”
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