House re-approves final version of GOP tax reform bill
WASHINGTON- The House of Representatives on Wednesday re-approved the final version of the tax reform bill Republican lawmakers crafted in conjunction with the Trump Administration.
The lower chamber approved the measure in a 224-201 vote.
Twelve Republicans voted no as did all the Democratic members.
On Tuesday evening, the Senate parliamentarian ruled that three of the provisions in the initial House-approved bill did not conform with budget reconciliation rules and had to be removed from the legislation.
The Senate passed the bill early Wednesday morning.
Amendments to legislation must be approved by both chambers.
Final passage of the Tax Cuts and Jobs Act constitutes the first major legislative victory of the year for both Republican lawmakers and the Trump Administration.
The legislation proposes $1.5 trillion in tax cuts and represents the most comprehensive overhaul of the internal revenue code since the Reagan Administration.
The bill now heads to the president’s desk and is expected to be signed into law by Christmas.
This article is republished with permission from Talk Media News
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