The Senate passed the GOP’s $1.5 trillion tax cut early Wednesday morning, leaving just one technical hurdle and President Trump’s signature as the final steps before the president’s top legislative priority becomes reality.
There was little last-minute drama in the Senate where the final tally was 51-48 – hardly different from the original version that cleared the Senate earlier this month.
Not a single Democrat voted for it, just as none in the House voted for a similar bill earlier on Tuesday.
Moments after the measure passed, Trump was quick to voice his approval and said if the House succeeds in a final re-vote Wednesday morning, there will be a White House news conference at 1:00 p.m.
‘The United States Senate just passed the biggest in history Tax Cut and Reform Bill,’ he tweeted just after 1:00 in the morning. ‘Terrible Individual Mandate (ObamaCare) Repealed. Goes to the House tomorrow morning for final vote.’
During an afternoon cabinet meeting, Trump said that the bill will provide ‘a tremendous amount of relief for the middle class, including a doubling of the child tax credit and a nearly doubling of the standard deduction.’
‘That’s going to be tremendous for people. They’re going to start seeing the results in February. This bill means more take home pay,’ he said.
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