Senate approves most drastic changes to US tax code in 30 years - News Summed Up

Senate approves most drastic changes to US tax code in 30 years


Trump tax plan: what's in the final bill? Read moreThe Senate approved the $1.5 trillion tax bill, which includes permanent tax breaks for corporations and temporary tax cuts for individuals, by a final vote of 51-48. Once enacted, the legislation will represent the most drastic changes to the US tax code since 1986. After the House vote, Trump praised House Republican leadership for delivering the $1.5tn tax cut plan. Sanders struggled, however, to defend Trump’s assertion in a speech last month that the tax bill would cost him “a fortune”.


Source: The Guardian December 19, 2017 19:28 UTC



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