House Republicans on Wednesday voted for the second time in two days to pass a major tax overhaul, sending the $1.5 trillion tax cut to President Trump, as promised, just before Christmas.
“With the new tax system we will deliver today, things will change for the better, and they will change immediately,” said the bill’s author, Ways and Means Chairman Kevin Brady, R-Texas, on the House floor.
The House passed the bill 224-201, after passing it Tuesday 227-203. Twelve Republicans voted “no” in both votes.
Wednesday’s vote was a formality, as all the drama already played out Tuesday afternoon when Speaker Paul Ryan first proved he had the votes to pass the bill.
……..
The Senate also stripped out language that would have protected Berea College in Kentucky from a new endowment tax, and a Sen. Ted Cruz-authored provision that would have allowed the use of 529 college savings plans for homeschooling expenses. The Texas senator railed against Democrats late Tuesday on the Senate floor and on Twitter for making the change.
Why do Dems want to block 529 expansion that allows parents use tax-advantaged savings to cover costs of special needs education therapies for homeschoolers? Why are they refusing to help families afford occupational, behavioral, physical, speech-language, & audiology therapies?
— Ted Cruz (@tedcruz) December 20, 2017
Despite these changes, the major revision of the tax code is now set for Trump’s signature with a number of major conservative victories. Not only will the bill revamp the tax code, but it will also repeal Obamacare’s individual mandate and open up the Arctic National Wildlife Refuge for oil drilling.
……..
- Discussion
-
#BREAKING: Congress sends historic tax bill to Trump after second House vote https://t.co/Z03wgwPh9s pic.twitter.com/U77y4RoZhA
— Washington Examiner (@dcexaminer) December 20, 2017
You must be logged in to reply to this topic.