Author Topic: Senate panel OKs tax bill, drawing Trump, GOP closer to major legislative win  (Read 277 times)

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Offline libertybele

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Ok ... so hopefully McCain will go home for turkey dinner and his family will convince him to step down and enjoy the rest of his days with them ... one can always hope right?

Senate panel OKs tax bill, drawing Trump, GOP closer to major legislative win

The Senate Finance Committee voted late Thursday in favor of the House GOP tax bill, paving the way for the first major legislative victory for the Trump administration.The panel's 14-12 vote means the bill will likely reach the Senate floor sometime after Thanksgiving.

Earlier Thursday, the House passed its bill in a 227-205 vote..............

The Tax Cuts and Jobs Act (TCJA), slightly altered by Finance Committee Chairman and U.S. Sen. Orrin Hatch, R-Utah, during the four-day markup, would temporarily cut taxes for individuals and ax the corporate tax rate from 35 percent to 20 percent.

It would also include a repeal of the Affordable Care Act's individual mandate, adding an estimated $338 billion in revenue over 10 years. Earlier this year, Republicans failed to repeal the ACA, the 2010 health care measure commonly called ObamaCare......

“This is a good bill that delivers on our promise to provide middle-class tax relief and grow our economy,” Hatch told reporters before the Senate panel's vote, according to the Hill.

The earlier House vote drew praise on Twitter from President Donald Trump. “Big win today in the House for GOP Tax Cuts and Reform, 227-205. Zero Dems, they want to raise taxes much higher, but not for our military!” Trump tweeted.............

http://www.foxnews.com/politics/2017/11/17/senate-panel-oks-tax-bill-drawing-trump-gop-closer-to-major-legislative-win.html
« Last Edit: November 17, 2017, 12:35:53 pm by libertybele »
Romans 12:16-21

Live in harmony with one another; do not be haughty, but associate with the lowly, do not claim to be wiser than you are.  Do not repay anyone evil for evil, but take thought for what is noble in the sight of all.  If it is possible, so far as it depends on you, live peaceably with all…do not be overcome by evil, but overcome evil with good.

Offline TomSea

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Let's hope the Senate can for once get something done. Gone are the days of Newt and John Kasich balancing the budget, they were representatives anyway, now, other than Tom Cotton, we have a bunch of do-nothing senators, even if the Constipation Party Yahoos think they are doing a great job.