WASHINGTON—The Senate was poised to pass sweeping revisions to the U.S. tax code late Friday after Republicans navigated a thicket of internal divisions over deficits and other issues to place their imprint on the economy. The bill, which included about $1.4 trillion in tax cuts, would lower the corporate tax rate from 35% to 20%, reshape international business tax rules and temporarily lower individual rates. It also touched other Republican goals, including opening the Arctic National Wildlife Refuge to oil drilling and...

Source: Wall Street Journal December 01, 2017 14:59 UTC