Tax cut passes

Finally, the tax cut bill amounting to 1.5 trillion dollars was passed on Wednesday in the early hours. It was passed by the Senate after a vote which was conducted strictly along the party lines. Only GOP Senator John McCain was not present at that time. The House had previously passed the tax cut bill by a vote of 227 – 203. But at that point of time, the two provisions fell short of the parliamentary test which means that they have to go for a vote again on Wednesday. As a result of this, US President Donald Trump sent off two tweets in the morning.

Mike Pence referred to this particular situation as a historic win for the people of America. In the early morning of Wednesday, the Senate passed the GOP's 1.5 trillion dollar tax cut, leaving behind only one technical hurdle and the signature of US President Donald Trump as the final steps before the president's top legislative priority turns into reality. In an addition to this, there was a little drama at the last minute in the Senate where the final tally was 51 - 48 which was not much different from the original version that had already cleared the Senate earlier this month. None of the Democrats had voted for it, just as no one in the House had voted for a similar kind of bill earlier on Tuesday.

Just after a few moments the measure was passed, Donald Trump very quickly gave his approval and stated that if the House is successful in a final re-vote on Wednesday morning, a news conference of the White House will be held at 1:00 pm. Donald Trump mentioned in a tweet just after 1:00 in the morning that the United States Senate just passed the biggest in history Tax Cut and Reform Bill and the terrible individual mandate of Obamacare can be repealed.

It still needs to be seen what will happen Wednesday morning when it goes to the House for the final vote. Speaker of the House Paul Ryan mentioned in a tweet that it is great news that the Senate had just passed the bill for Tax Cuts and Jobs Act. After years of work, we are all ready to put forward the most sweeping, pro-growth overhaul of the tax code in the US. On the other hand, a wave of protesters provided one of the biggest bursts of emotion as a result of the vote on tax cuts.

January 16, 2022 - 03:45
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