US Senate Passes Sweeping Tax Overhaul Bill
Albanian Daily News
Published December 2, 2017
The bill was passed by senators after a marathon debate on Capitol HillUS senators have passed a sweeping tax cuts bill, striking a key political victory for President Donald Trump's administration.
The final vote came after Republican holdouts gave their support for the bill following a series of amendments.
The bill, the biggest US tax overhaul since the 1980s, was passed despite a Senate committee finding it would add $1tn (£742bn) to the budget deficit.
President Trump wants the measures enacted by the end of the year.
The Senate must now merge its legislation with that passed last month by the House of Representatives.
The reconciled bill will then be sent to the president's desk for his signature to be enacted into law. Democrats complained that the bill would benefit only the wealthy and big business, as well as adding to the US deficit. However, they were unable to muster enough votes to stop it. Senate Republicans have a 52-48 majority.