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House approves Trump's massive tax overhaul, but last-minute glitch delays final passage
The $1.5 trillion package would provide steep tax cuts for businesses and the wealthy and more modest cuts for middle-and low-income families
The GOP tax bill hit a procedural snag Tuesday. Democratic lawmakers say three provisions in the $1.5 trillion tax package violate Senate rules and will need to be amended or removed, before the upper chamber votes.
The House will then need to re-vote on the measure, likely on Wednesday. Earlier in the day, the Republican led House passed the most significant overhaul of the tax code in three decades and the Senate was poised to follow suit, giving Republicans their first major legislative win and delivering the bill to President Trump before Christmas, as he requested.
Tuesday’s 227-to-203 vote in the House split mostly along party lines, with 12 Republicans joining all House Democrats in opposing the bill; the measure is expected to squeak through the Senate with a narrow GOP majority on Tuesday evening.
"This is a once in a generation opportunity," said Senate Majority Leader Mitch McConnell, R-Ky
The centerpiece of the GOP bill is a permanent 40 percent tax cut for big corporations, a change Republicans say is long overdue and desperately needed to make America more competitive in a global economy. Smaller businesses will also see their tax burden shrink significantly.