US Senate takes step toward passage of Tax bill, vote likely this week




The US Senate on took a step toward passage of tax legislation that is a top white House Priority, Setting up a likely decisive vote later this week even though it was unclear if the bill had enough Republican support to become law. Republicans spent the day scrambling to reformulate the bill, which aims to cut taxes on corporations, other businesses and many individuals and families to satisfy lawmakers worried about how much it would balloon the US Budget Deficit. Lawakers voted 52-48 to begin formal debate, a step that could lead on Thursdays and Friday to a full vote on the bill. Republicans are eager to pass the legislation, wanting something to show for their control of the white house and both houses of congress. There are also qualitative issues like the bill not getting any worse that it doesn’t get more expensive. The Sweeping tax package was developed over several months behind closed door by a small group of senior congressional and trump administration figures.With little input from many republicans lawmaker and no involvement from democrats.

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