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Congress approves GOP tax overhaul and emergency funding
The House and Senate move to end the first session and back a GOP tax bill. HR 1 would cut corporate rates to 21 percent, raise the standard deduction, expand the child tax credit, end the AMT for corporations, and open ANWR to drilling. The package adds about 1.5 trillion in tax relief through 2027 and increases debt. The same session authorizes 81 billion for hurricane and wildfire relief and passes a stopgap funding bill through Jan. 19.
MENTIONED IN THIS ARTICLE
House
Arctic National Wildlife Refuge
Congressional Budget Office
Harvey
Irma
Maria
California
Federal Emergency Management Agency
Senate
Red Blum
David Loebsack
David Young
Steve King
Donald Trump
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