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Senate Approves Tax Plan …House to Revote Today

by MICPA | Dec 20, 2017   ()

Early this morning, the Senate narrowly approved the final version of the most sweeping rewrite of the nation’s tax laws in more than three decades, almost handing Republicans their most significant legislative victory of 2017.

 The bill passed along party lines, 51-48 with the final result announced by Vice President Mike Pence who presided over the vote. Sen. Jeff Flake, the last undeclared Republican, voted yes.

 The House passed the bill earlier Tuesday, but technical changes were made to it in the Senate, and the bill is expected to go back to the House later today for a re-vote, where it is anticipated to pass again. It will then head to the President's desk for his signature before the holiday break, making good on the Republican Party's promise to enact tax relief by the end of the year.

Source: MICPA
Source: MICPA

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