MENU
component-ddb-728x90-v1-01-desktop

Republican tax bill passes Senate 51-49

bhdn-py-02th-tax-bill-passes-preliminary-vote-in-senate-op-4ame-cnna-st1-10000000044efaaa-174-020171130095417-jpg-9508628-ver1-0.jpg

WASHINGTON, D.C. - The Senate has passed a nearly $1.5 trillion Republican tax bill that's historic in scope and an urgent political priority for President Donald Trump and the GOP. The vote was 51-49, largely along party lines. Not a single Democrat voted in favor of the legislation, which was crafted behind closed doors by Senate Republican leaders. Tennessee Sen. Bob Corker, who calls the growing debt a national security threat, joined Democrats in opposing the bill. The bill lays the bulk of its tax cuts on businesses and higher-earning individuals and gives more modest breaks to others. It would bring the first major overhaul of the U.S. tax system in three decades. The measure must be reconciled with a version the House passed last month.

Trending