The bill reshapes the tax code in favor of corporations and do more to undercut Obamacare. Sneaky.
An excerpt from NPR: The Senate narrowly approved a $1.4 trillion tax overhaul early Saturday morning following a day of procedural delays and frustration.
The legislation, which would cut the top corporate tax rate to 20 percent and lower taxes for most individuals, narrowly passed in a vote of 51-49. Tennessee Republican Bob Corker was the only Republican to vote against the legislation, joining all 48 Democrats in opposing the sweeping overhaul of the nation’s tax laws.
Passage of the tax bill is a significant victory for Republicans who have struggled to fulfill many key legislative promises.
“It was a fantastic evening last night,” President Trump said Saturday morning, according to a pool report.
“Now we go onto conference and something beautiful is going to come out of that mixer,” he also said, “People are going to be very, very happy. They’re going to get tremendous, tremendous tax cuts and tax relief, and that’s what this country needs.”
Trump this morning on tax bill: “It was the biggest package in terms of tax cuts ever passed in our country…people are going to be very, very happy.” pic.twitter.com/on86DIsK1G
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