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Thread: House passes sweeping GOP tax bill, Senate to follow

  1. #1
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    House passes sweeping GOP tax bill, Senate to follow

    House passes sweeping GOP tax bill, Senate to follow
    by BENJY SARLIN
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    WASHINGTON — The House passed a sweeping $1.5 trillion tax bill on Tuesday that slashes tax rates for corporations, provides new breaks for private businesses and reorganizes the individual tax code.

    With the Senate expected to follow suit as soon as Tuesday night, President Donald Trump could sign the package, dubbed the Tax Cuts And Jobs Act, into law before week's end. It would be his first significant legislative accomplishment and the biggest tax overhaul in a generation.

    The Republican bill was approved on a 227-203 vote in the House, with no Democrats supporting it. Twelve Republicans also voted against the measure.


    With Paul Ryan's gavel, House passes tax bill

    The bill, the product of negotiations between the House and Senate, achieves longtime Republican goals, including a permanent reduction in the corporate tax rate to 21 percent from 35 percent that supporters argue will make American business more competitive overseas.

    Many pass-through businesses also receive a more complicated 20 percent deduction, which became a subject of fierce debate after the final bill added a provision likely to benefit real estate companies like Trump's.

    House Speaker Paul Ryan, R-Wis., spoke on the House floor moments before the vote and said the legislation will "help hard-working Americans who have been left behind for too long."

    "Today, we are giving the people their money back," he said, adding that a typical family would get a $2,059 tax cut next year.
    Trump may be able sign it tomorrow.

    NBC

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    Just remember, minority rule is inherently unstable.
    Bluto: Over? Was it over when the Germans bombed Pearl Harbor?
    Otter: [whispering] Germans?
    Boon: Forget it, he's rolling.

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    Quote Originally Posted by Billy Jingo View Post
    Just remember, minority rule is inherently unstable.
    What minority?
    "What truly matters is not which party controls our government, but whether our government is controlled by the people. January 20th 2017, will be remembered as the day the people became the rulers of this nation again. The forgotten men and women of our country will be forgotten no longer."

    link

    Time will tell.

  4. #4
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    Quote Originally Posted by Billy Jingo View Post
    Just remember, minority rule is inherently unstable.
    Well you're in the minority and you're unstable so.....
    "What truly matters is not which party controls our government, but whether our government is controlled by the people. January 20th 2017, will be remembered as the day the people became the rulers of this nation again. The forgotten men and women of our country will be forgotten no longer."

    link

    Time will tell.

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  6. #5
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    Quote Originally Posted by scott View Post
    Well you're in the minority and you're unstable so.....


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