Post by andie on Dec 2, 2017 7:09:43 GMT
www.politico.com/story/2017/12/01/tax-bill-2017-senate-republicans-274453
Senate passes sweeping tax overhaul
The Senate passed a sweeping tax overhaul that would cut taxes for corporations and most individuals.
"The legislation passed after Republican leaders made concessions to several holdouts. The Senate and House will have to meld their separate bills before sending legislation to President Donald Trump.
Senate Republicans were preparing to vote late Friday on their massive tax overhaul after leaders said they had clinched the support of enough GOP lawmakers to push the bill over the finish line.
Senate tax writers released a sprawling amendment containing last-minute changes to the plan that were needed to bring around members who had been balking at the package, which includes corporate and individual tax cuts and other far-reaching changes to tax law. Democrats ridiculed the hurried effort, with Minority Whip Dick Durbin of Illinois posting a picture on Twitter of what he said was a page from the amendment with scribbled changes.
The rush was kicked off earlier in the day when Senate Majority Leader Mitch McConnell declared, "We have the votes," as Republicans emerged from a caucus meeting on changes to the legislation.".
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Senate passes sweeping tax overhaul
The Senate passed a sweeping tax overhaul that would cut taxes for corporations and most individuals.
"The legislation passed after Republican leaders made concessions to several holdouts. The Senate and House will have to meld their separate bills before sending legislation to President Donald Trump.
Senate Republicans were preparing to vote late Friday on their massive tax overhaul after leaders said they had clinched the support of enough GOP lawmakers to push the bill over the finish line.
Senate tax writers released a sprawling amendment containing last-minute changes to the plan that were needed to bring around members who had been balking at the package, which includes corporate and individual tax cuts and other far-reaching changes to tax law. Democrats ridiculed the hurried effort, with Minority Whip Dick Durbin of Illinois posting a picture on Twitter of what he said was a page from the amendment with scribbled changes.
The rush was kicked off earlier in the day when Senate Majority Leader Mitch McConnell declared, "We have the votes," as Republicans emerged from a caucus meeting on changes to the legislation.".
Read rest at link.
