The U.S. Senate voted just before 2 a.m. ET Saturday to pass a sweeping tax overhaul worth roughly $1.4 trillion, putting the Trump White House a big step closer to its first major legislative victory – and many Americans closer to a tax cut.
As it stands now, the Senate’s tax overhaul plan is slightly different from that of the House’s version.
Republicans are finally on the verge of enacting a signature legislative achievement.
A vote is expected later Friday afternoon.
Sen. Marco Rubio, R-Fla., is holding up progress on the Republican tax bill, according to the Wall Street Journal editorial board.
Republicans could bring a tax reform plan to the Senate floor today, but at least nine GOP senators have expressed concern about the bill. Four Republicans say they’re worried about adding to the country’s $20 trillion debt — and one of them is Oklahoma Sen. James Lankford. He joins “CBS This Morning” to discuss backstops, […]
Senate Republicans are hoping for tax reform by Christmas, but they still need to get a few more members of their party on board first.