Tax Reform Bill Passes House, Heads To President Trump’s Desk For Signing

By  //  December 20, 2017

Share on Facebook Share on Twitter Share on LinkedIn Share on Delicious Digg This Stumble This

ABOVE VIDEO: FedEx says GOP tax plan will boost economy.

(FOX NEWS) – The House gave the final stamp of approval Wednesday to a sweeping tax reform package, handing President Trump his first major legislative victory and most Americans a tax cut starting next year.

In a 224-201 vote, Congress sent the $1.5 trillion package to Trump’s desk. The biggest rewrite of the federal tax code since the Reagan administration will usher in steep rate cuts for American companies, double the deduction millions of families claim on their annual returns and make a host of other changes taking effect in a matter of weeks.

“This bill means more take-home pay. It will be an incredible Christmas gift for hard-working Americans,” Trump said during a Cabinet meeting moments before the vote.

While the bill already earned House approval earlier Tuesday, the Senate had to ship it back for a final vote after stripping out three provisions that violated chamber rules, in a last-minute glitch.

CLICK HERE TO READ FULL ARTICLE ON FOX NEWS


Click here to contribute your news or announcements Free