House Passes GOP Tax Reform Bill In Major Victory For Republicans

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Update: The House has passed its tax reform package with a final vote of 227 yeas to 205 nays. And while the Republican leadership has ordered the caucus not to gloat about the legislative victory – possibly the biggest so far for President Trump – Paul Ryan and Co. will be able to go home to their constituents and enjoy a relaxing Thanksgiving holiday.
Their colleagues in the Senate won’t be so lucky.
Senate leaders have said they’re working with holdouts like Ron Johnson as well as lawmakers like Bob Corker who are leaning toward voting against the bill in its current form. The Senate Finance is still marking up the bill, adding amendments and making alternations, but leaders say it’ll make it to a floor vote the week after Thanksgiving.
Senators Marco Rubio and Mike Lee have wanted to see a bigger expansion of the childcare tax credit. Johnson has said more of the tax relief should go to LLCs via the pass-through rate and less generous breaks should be given to corporations.
Here’s a list of the Republicans who voted ‘nay’.
GOP no votes on the tax bill pic.twitter.com/QJ9vVdgPhG
— Naomi Jagoda (@njagoda) November 16, 2017

This post was published at Zero Hedge on Nov 16, 2017.