US Congress passes sweeping Republican tax bill, sending it to Trump
Xinhua |
Updated: 2017-12-21 15:57
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WASHINGTON - The US Congress on Wednesday finally passed the Republican bill to overhaul the US tax code over three decades, sending it to President Donald Trump's desk for signature, amid concerns that the change would widen income inequality and swell public debt.
The House on Wednesday voted 224-201 to approve the 1.5-trillion-US dollar tax cuts package, which would impact nearly every part of the world's largest economy, affecting both large and small businesses, as well as families.
The House passed the tax bill Tuesday afternoon, but the Senate's parliamentarian found several provisions in the bill violated budget rules, forcing lawmakers to strip them out and requiring the House to vote again.
