Big House Victory For GOP Tax Plan, But Senate Fate Unclear

Republicans have stretched closer to delivering the first big legislative victory for President Donald Trump and their party, whisking a $1.5 trillion overhaul of business and personal income taxes through the House. Thorny problems await in the Senate, though.

The House passage of the bill Thursday on a mostly party-line 227-205 vote also brought nearer the biggest revamp of the U.S. tax system in three decades.

But in the Senate, a similar measure received a politically awkward verdict from nonpartisan congressional analysts showing it would eventually produce higher taxes for low- and middle-income earners but deliver deep reductions for those better off.

The Senate bill was approved late Thursday by the Finance Committee and sent to the full Senate on a party-line 14-12 vote. Like the House measure, it would slash the corporate tax rate and reduce personal income tax rates for many.

Source : http://www.chicagotribune.com/news/nationworld/politics/ct-gop-tax-bill-20171116-story.html

Big victory for GOP as tax plan passes in House, but Senate fate unclear
Big House victory for GOP tax plan, but Senate fate unclear
Big House victory for GOP tax plan, but Senate fate unclear
Big House victory for GOP tax plan, but Senate fate unclear
Big House victory for GOP tax plan, but Senate fate unclear
Big House victory for GOP tax plan, but Senate fate unclear
Big House victory for GOP tax plan, but Senate fate unclear