PASSED – AT 1:18 P.M. ET: Congress has completed action on the tax-reform bill and sent it to the president. From Fox:
The House gave the final stamp of approval Wednesday to a sweeping tax reform package, handing President Trump his first major legislative victory and most Americans a tax cut starting next year.
With a 224-201 House vote, Congress sent the $1.5 trillion package to Trump’s desk. The biggest rewrite of the federal tax code since the Reagan administration will usher in steep rate cuts for American companies, double the deduction millions of families claim on their annual returns and make a host of other changes taking effect in a matter of weeks.
"This bill means more take-home pay. It will be an incredible Christmas gift for hard-working Americans," Trump said during a Cabinet meeting moments before the vote.
While the bill already earned House approval earlier Tuesday, the Senate had to ship it back for a final vote after stripping out three provisions that violated chamber rules, in a last-minute glitch. Twelve Republicans once again defected Wednesday to vote with Democrats in opposition.
COMMENT: A great legislative achievement. The momentum is with the president right now. Remember that he won the presidential election by talking over the heads of the opposition and the media. He should keep doing it.
We need an infrastructure bill to start repairing our bridges and highways.
And we need a major success in foreign policy. Under Obama the definition of success was something that benefited an enemy nation. I think Trump sees things otherwise.
December 20, 2017 |