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Senate Passes Largest Tax Overhaul in 30 Years
The Senate approved a sweeping tax bill advancing President Trump’s agenda, with a 51-49 vote. The package cuts corporate rates to 20 percent, expands deductions for some owners, and doubles the standard deduction while delaying individual cuts until 2026. Debate focused on deficits, benefits to high earners, and efforts to align House and Senate versions before a final tally.
MENTIONED IN THIS ARTICLE
Washington
Senate
Donald Trump
Mitch McConnell
Trump
House
Mike Pence
Bob Corker
R-Tenn
Corker
Congress
Barack Obama
GOP
Nonpartisan
Joint Committee On Taxation
Chuck Schumer
D-N.y
Ron Johnson
R-Wis
Pat Toomey
R-Pa
Hillsdale
Michigan
Wisconsin
Johnson
Steve Davies
Montana
Susan Collins
Maine
New York
New Jersey
California
Jeff Flake
R-Ariz
U.S
Congressional Budget Office
Arctic National Wildlife Refuge