For the first time in thirty years, the House of Representatives approved the final version of the first overhaul of the US Tax Code, handing President Trump and Congressional Republicans their most significant legislative victory of 2017.
The bill passed along sharp partisan lines, 227-203, with 12 House GOP Members opposing the legislation and no Democrats voting for it. Leaders from both sides of the aisle spoke about where they stand on the newly passed bill.
Paul Ryan says, ” We tax our business a whole lot more than our foreign competitors tax theirs. They win, we lose. That’s not fair. It is basically open season for our competitors to come in and take our jobs overseas. Under the current tax code. Reform means we go from the back of the pack to the front of the pack.”
Nancy Pelosi saying, “helping the middle class has never been their goal. From day one, the donors, lobbyists and the wealthy and well-connected came first.”
The Senate is expected to clear the bill later today, with Vice President Mike Pence presiding over the vote. The measure then heads to the president’s desk for his signature before the Christmas holiday, making good on the Republican party’s promise to enact tax relief by the end of the year.