Senate Republicans succeeded early Saturday in passing a sweeping, $1.4 trillion tax cut bill, after days of negotiating and a scramble at the end to lure in a handful of GOP holdouts with several last-minute changes to the legislation.
Vice President Mike Pence presided over the final vote near 2 a.m. after Republicans secured the 50 votes needed for passage, and then passed the Tax Cuts and Jobs Act 51-49. Bob Corker of Tennessee provided the lone GOP “no” vote, saying the bill added too much to the debt.
“This is a great day for the country,” said Senate Majority Leader Mitch McConnell, R-Ky., after the vote.
The bill now heads to a likely conference with the House, which has scheduled to vote at 6:30 p.m. Monday to appoint conferees.
“Now we will move quickly to a conference committee so we can get a final bill to President Trump’s desk,” House Speaker Paul Ryan said in a statement.
No Democrats voted for the legislation, which they said would balloon the deficit and provide only scraps to low- and middle-income earners while providing big tax cuts for the rich and multinational corporations.
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Senate Republicans get tax victory in early Saturday morning vote https://t.co/8gaJfbDPeH pic.twitter.com/9ZqQ24FJuR
— Washington Examiner (@dcexaminer) December 2, 2017
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