Trump is on the verge of a MAJOR victory
Trump said He wanted to get major Tax Reform done and not only that He wanted it before Christmas. Today is the big day for both the House and the Senate as the Bill hits them both.
Tax Reform made it through the House with ease this afternoon and will be heading to the Senate for a vote later tonight. It’s Happening!
The House on Tuesday approved a massive tax overhaul that would 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 as part of the biggest rewrite of the tax code since the Reagan administration.
The bill passed on a 227-203 vote.
The $1.5 trillion bill, presuming it clears the Senate as expected, would hand President Trump his first major legislative victory just days before year’s end and the congressional recess.
“Today, we are giving the people of this country their money back,” House Speaker Paul Ryan, R-Wis., declared Tuesday on the House floor.
At an earlier press conference, Ryan said “families at every income level get a tax cut,” vowing a family of four making the median income would see a tax cut worth over $2,000.
“This is real relief, and people are going to see this in their paychecks before too long,” Ryan said. “… This is the greatest example of a promise being made and a promise being kept.”
‘Today, we are giving the people of this country their money back.’
Democrats sustained their vocal opposition to the bill – which they’ve dubbed a “scam” benefiting the wealthy – into the final moments before the vote. Protesters were also escorted out after shouting “you’re lying” during Ryan’s floor speech.
Ryan, Trump and other supporters counter the criticism by claiming this bill will unleash economic growth. The speaker led a round of applause on the House floor minutes before the vote, while thanking “architect” Rep. Kevin Brady, R-Texas, chairman of the Ways and Means Committee.
The floor action comes after GOP leaders worked to win support from the last remaining holdouts on the Senate side. Sens. Marco Rubio of Florida and Bob Corker of Tennessee backed the bill last week, while Susan Collins of Maine and Mike Lee of Utah endorsed it late Monday.
Barring any unexpected reversals, the bill is expected to narrowly pass the Senate in a matter of hours.
Passage would give Trump a major victory on the domestic front, after repeated attempts to overhaul ObamaCare failed in the face of internal Republican divisions and unified Democratic opposition. The tax bill does include one major rollback of the Affordable Care Act, repealing the individual mandate requiring Americans to buy health insurance.
Trump is getting it done and this is a monumental step in MAKING AMERICA GREAT AGAIN!