GOP unveils final $1.5T tax reform bill '31 years in the making' - News Summed Up

GOP unveils final $1.5T tax reform bill '31 years in the making'


Tax reform under Republican control of Washington is happening," House Speaker Paul Ryan, R-Wis., told rank-and-file members in a conference call. The final version of the so-called Tax Cuts and Jobs Act keeps seven tax brackets, but reduces rates for five of them. Senate Republicans passed their original tax bill by a vote of 51-49 — with Rubio's support. The House is expected to vote on the final bill Tuesday, with a Senate vote to follow later in the week. It has been 31 years in the making ... Everyone's life will be better off under tax reform."


Source: Fox News December 15, 2017 22:41 UTC



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