Senate passes procedural vote on tax bill - News Summed Up

Senate passes procedural vote on tax bill


Story highlights The Senate voted to start floor debate Wednesday on the GOP tax planIt's unclear if Republicans have the votes for final passageWashington (CNN) The Senate has passed a procedural vote on the tax bill that allows debate to begin on the measure with a final vote expected late Thursday or Friday. The procedural vote passed 52-48. Together, we will give the American people a big, beautiful Christmas present-a massive tax cut that lets Americans keep more of their HARD-EARNED MONEY!" Corker wanted to ensure that tax bill would actually lead to economic growth and was able to secure an agreement in principle that would trigger some kind of automatic tax increase if the GOP's anticipated growth didn't materialize. Johnson, meanwhile, went into the GOP tax vote in the Budget Committee still frustrated about the way the tax bill treated tax rates for pass-through business income, but voted anyway to advance the proposal, saying that he wanted to keep the process going.


Source: CNN November 29, 2017 18:08 UTC



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