Senate Approves Landmark Tax Overhaul, Bill Returns To House
Republicans in Congress approved a sweeping and controversial $1.5 trillion tax overhaul, with the Senate voting early Wednesday along straight party lines to move the measure forward.
Republicans in Congress approved a sweeping and controversial $1.5 trillion tax overhaul, with the Senate voting early Wednesday along straight party lines to move the measure forward.
The Republican tax bill that the House and Senate are set to pass as soon as Tuesday night would give most Americans a tax cut next year, according to a new analysis. However, it would by far benefit the richest Americans the most. Meanwhile, many lower- and middle-class Americans would have higher taxes a decade from how...unless a future Congress extends the cuts.
On Friday evening, congressional Republicans released the final version of their tax overhaul plan. Below are two charts showing how individual filers could be affected if this bill is passed and signed into law.
GOP leaders in Congress had not yet released the final version of their tax reform bill when Senator Tammy Duckworth made a stop in Champaign Friday. But the freshman Democrat said she didn’t see how Republicans would adjust the bill's main features that she opposes.
Democrat Doug Jones has won the Alabama Senate special election, a victory that was a stunning upset in a deeply red state that voted overwhelmingly for President Trump. The president, who had backed Republican Roy Moore despite multiple accusations of sexual misconduct and assault, congratulated Jones on Twitter.