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Senate Republicans narrowly approved the most sweeping rewrite of the U.S. tax code in three decades, slashing the corporate tax rate and providing temporary tax-rate cuts for most Americans. The 51-49 vote -- achieved only after closed-door deal-making with dissident senators -- brings the GOP close to delivering a much-needed policy win for their party and President Donald Trump.
Experts have said that the bill will raise the U.S.' rising deficit, increased the number of uninsured individuals, and redistribute wealth to the rich while increasing taxes on the poor. The United States Senate passed its version of the Trump tax plan 'reform' that has been described by progressives as "socialism for the rich" due to its massive redistribution of wealth to top income brackets.
Republicans pushed a nearly $1.5 trillion tax bill through the Senate early Saturday after a burst of eleventh-hour horse trading, as a party starved all year for a major legislative triumph took a giant step toward giving President Donald Trump one of his top priorities by Christmas. "Big bills are rarely popular.
Sen. Dan Sullivan, R-Alaska, left, walks with Sen. Steve Daines, R-Mont., as they head to the Senate chamber after a closed-door meeting with Republican lawmakers to advance the GOP overhaul of the tax code, on Capitol Hill in Washington, Friday, Dec. 1, 2017. Over the next decade, their tax plan would add at least $1 trillion to the national debt.
The Senate early Saturday narrowly voted to pass an expansive $1.2 trillion tax reform bill.The 51-49 vote on the nearly 500-page bill took place shortly before 2 a.m. after Democrats attempted a last-ditch amendment to stall the vote until Monday in order to read the bill.Republican members broke out in enthusiastic applause as Vice President Mike Pence pounded the gavel and announce the bill's passage at 1:51 a.m.Sen. Bob Corker of Tennessee was the lone Republican to cross party lines, joining all 48 Democrats in voting against it.Senate Democrats decried that the vote was even taking place in the middle
Reporters get an update from Sen. Ron Johnson, R-Wis., a member of the Senate Budget Committee, as Republican senators gather to meet with Majority Leader Mitch McConnell, R-Ky., on the GOP effort to overhaul the tax code, on Capitol Hill in Washington, Friday, Dec. 1, 2017. McConnell turned to one of his harshest antagonists to help pass the most sweeping tax package in more than three decades.
When Republicans tried to repeal and replace Obamacare over the summer, they acted like "a bunch of free range chickens", said Republican Senator John Kennedy. "Everybody was upset, tired, mad, people drawing lines in the dirt."
The Senate passed its tax reform bill in the early hour of Saturday morning, following a day full of Republican leaders making changes to bring enough members on board and a long night full of heated rhetoric on both sides of the aisle. The vote was 51-49, mostly along party lines.
The congressional clock is running out as a handful of bills are batted around Capitol Hill to reauthorize a critical foreign intelligence collection program that expires in four weeks. The House intelligence committee on Friday passed the latest one 13-8.
Telling reporters we have the votes, Senate Majority Leader Mitch McConnell, R-Ky., walks to the chamber after a closed-door meeting with Republican lawmakers to advance the stalled GOP overhaul of the tax code, on Capitol Hill in Washington, Friday, Dec. 1, 2017. Telling reporters we have the votes, Senate Majority Leader Mitch McConnell, R-Ky., walks to the chamber after a closed-door meeting with Republican lawmakers to advance the stalled GOP overhaul of the tax code, on Capitol Hill in Washington, Friday, Dec. 1, 2017.
In 2016, Republican Rep. Trey Gowdy of South Carolina reportedly used $150,000 in taxpayer money to settle a veteran-discrimination and retaliation claim with a former aide. The ex-staffer, an officer in the Air Force Reserves, alleged that Gowdy had discriminated against him after he took leave for his service-related obligations.
Republican gubernatorial candidate Diane Black received a phone call from prominent University of Tennessee football booster Jimmy Haslam , the brother of Gov. Bill Haslam and owner of the Cleveland Browns, after she posted a tweet bemoaning the school's first choice to become the school's next football coach. Bill Haslam has told reporters that his brother had no role in the effort to hire Ohio State defensive coordinator Greg Schiano - a deal that fell through amid public backlash over an unproven claim in court documents that he might have known about sexual abuse of boys when he was an assistant at Penn State.
The congressional clock is running out as a handful of bills are batted around Capitol Hill to reauthorize a critical foreign intelligence collection program that expires in four weeks. The House intelligence committee on Friday passed the latest one 13-8.
Is Sen. Elizabeth Warren part Native American? Is that how she got jobs as a professor at Ivy League law schools? Warren has not proved that she is part Native American, and no one has proved that she was ever hired because of her alleged racial background. What are the facts regarding Elizabeth Warren's Native American heritage and did she use it to further her career? No proof has emerged that confirms that Massachusetts Sen. Elizabeth Warren is, as she has claimed, part Native American.
Republicans used a burst of eleventh-hour horse-trading Friday to edge to the brink of Senate passage of a $1.4 trillion tax bill, as a party starved all year for a major legislative triumph took a giant step toward giving President Donald Trump one of his top priorities by Christmas. "We have the votes," Senate Majority Leader Mitch McConnell, R-Ky., declared after leaders swayed holdout senators by agreeing to fatten tax breaks for millions of businesses and let people deduct much of their local property taxes.
President Donald Trump and Senate Republicans are scrambling to change a Republican tax... . Pausing for a reporter's question, Sen. Steve Daines, R-Mont., and other senators squeeze into an elevator as they rush to the chamber to vote on amendments as the Republican leadership works to craft their sweeping tax ... .
The Republican chase for a rare political and policy win with passage of their tax plan has thinned the ranks of the party's deficit hawks. The last one standing in the Senate chamber was Tennessee Senator Bob Corker, and he was resigned to defeat.
Senate Majority Leader Mitch McConnell, R-Ky., said "we have the votes" to pass the tax reform bill. Senate Majority Leader Mitch McConnell, R-Ky., announced he has secured at least 50 votes needed to pass a $1.4 trillion tax cut bill later this afternoon.
ABC News reported today that former U.S. national security adviser Michael Flynn is prepared to testify that President Donald Trump directed him to make contact with Russians when he was a presidential candidate. Reuters could not immediately verify the report, which cited a Flynn confidant.
The change was a key last-minute revision to the bill meant to gain the votes of Sens. Ron Johnson of Wisconsin and Steve Daines of Montana. Republicans will increase the size of the one-time tax on overseas corporate earnings to pay for bigger small business tax breaks in their tax bill, several senators said Friday.