The Senate Budget Committee has advanced the Republicans’ sweeping tax reform package to the full Senate, handing GOP leaders a victory as they try to pass the nation’s first tax overhaul in 31 years.
The committee voted 12 to 11 today to pass the bill, which blends a sharp reduction in top corporate and business tax rates with more modest relief for individuals.
GOP leaders hope to have the full Senate take up the bill later this week.
Celebrating the budget committee’s passage of the tax plan, press secretary Sarah Huckabee Sanders says in a statement that President Donald Trump applauds the committee for “taking an important step toward passing historic tax relief and reform and clearing the Tax Cuts and Jobs Act this afternoon.”
The president, she says, “looks forward to providing tax cuts for hardworking Americans by the end of the year.”
Read more, and check out a New York Times interactive of how the bill will impact 25,000 middle-class families.
