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The Senate early Wednesday voted 51-48 along party lines to pass the measure, just before 1 a.m. Watch: Trump’s Ending 2017 on Hot Streak With Congress [jwp-video n=”1″]
The chamber voted 51-48 along party lines to adopt the conference report on the landmark legislation at close to 1 a.m.
Watch: Lawmakers Praise Trump in Rose Garden Tax Bill Celebration [jwp-video n=”1″] If House Republicans can’t get on board with that plan, the likelihood of a government shutdown significantly
Watch: Lawmakers Praise Trump in Rose Garden Tax Bill Celebration [jwp-video n=”1″] “I know that those people who are up for re-election are pretty jubilant right now,” Sen.
Lawmakers Praise Trump in Rose Garden Tax Bill Celebration [jwp-video n=”1″] By handing him his first major legislative victory, Trump used his 2016 campaign slogan to contend he and GOP
Watch: Trump’s Ending 2017 on Hot Streak With Congress [jwp-video n=”1″] The change in strategy comes after conservatives balked at the release of an $81 billion disaster supplemental, a
Congressional budget estimators say the tax code overhaul will cost at least $1 trillion over 10 years if economic growth is considered, and nearly $1.5 trillion under conventional scorekeeping.
Watch: Protesters Interrupt Floor Speech Before Tax Vote [jwp-video n=”1″] Republicans believe tax cuts spur growth, which in turn creates jobs, better wages and opportunity and will inevitably
Watch: Four Things to Watch as 2018 Election Season Officially Nears [jwp-video n=”1″] “The GOP is delusional if they think this is something they’ll get to run on rather than defend,” David
Watch: David Hawkings’ Whiteboard: How Two Bills Become One Law [jwp-video n=”1″] Keeping the state and local tax, or SALT, deduction for property and income or sales taxes capped at $10,000
Watch: Two Big To-Dos Remain for Trump and Congress — Tax Bill and Government Funding [jwp-video n=”1″] Conservatives object House Republicans, however, have not had that conversation.
Schumer Calls on McConnell to Delay Tax Vote Until Jones is Seated [jwp-video n=”1″] But all signs indicated the calls would be falling on deaf ears.
Watch David Hawkings’ Whiteboard: How Two Bills Become One Law [jwp-video n=”1″] Some of the details of an emerging proposal began circulating Tuesday afternoon, a full day before the conference
Watch: David Hawkings’ Whiteboard: How Two Bills Become One Law [jwp-video n=”1″] Cures also provides the FDA new authorities and established an “FDA Innovation Account” so officials can
As for the Joint Committee on Taxation’s dynamic estimate of the House bill that put the cost at $1 trillion, Ryan said the JCT “usually runs all models and gives you a fan chart of ranges.”
Watch: David Hawkings’ Whiteboard: How Two Bills Become One Law [jwp-video n=”1″] The stakes are high for Republicans, who control the White House and both chambers of Congress for the first
estimated the Senate Republican tax code overhaul would actually shrink annual deficits over 10 years, a sharp break from congressional revenue estimates showing the GOP tax plans could cost at least $1
Watch: Ryan: House Will Pass Short-Term CR, Shutdown Up to Senate Democrats [jwp-video n=”1″] “We’ve agreed to where we should be on defense spending.
situation, a group of Republicans reportedly met to discuss a possible “wish list,” largely focused on using the debt limit to reinstall fiscal discipline in Congress (after possibly adding more than $1
Watch: David Hawkings’ Whiteboard — How Two Bills Become One Law [jwp-video n=”1″] Others could prove trickier to resolve.