Republicans In Senate Pass Historic Tax Cuts – Final House Vote Today A Mere Technicality

Republicans in the Senate passed the tax cut and reform bill. It now goes back to the house for a simple vote and then to Trump’s desk for signature. Despite outcry from Democrats and their media allies, this is a major win for the American people.

NBC News reports:

Senate passes sweeping GOP tax bill, but House to vote again

The Senate voted along party lines after midnight Tuesday to pass a sweeping $1.5 trillion tax bill that slashes tax rates for corporations, provides new breaks for private businesses and reorganizes the individual tax code.

The House approved the bill earlier Tuesday but will have to vote again on Wednesday. Democrats in the Senate persuaded the chamber’s parliamentarian that several minor provisions in the House bill violated Senate rules, forcing the House into an embarrassing second vote.

One of those provisions would allow 529 savings accounts, which are now used for college tuition, to help finance home schooling. Another would exempt a small tuition-free college in Kentucky from a new tax on endowments.

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The Republican bill was initially approved on a 227-203 vote in the House earlier Tuesday, with no Democrats supporting it. Twelve Republicans also voted against the measure.

With Vice President Mike Pence presiding over the chamber and Treasury Secretary Steve Mnuchin on hand, the Senate then voted 51-48 in favor of the bill.

Donald Trump tweeted:

Fantastic!

 

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