Senate Passes Tax-Cut Bill in Milestone Move Toward Overhaul
- Republican rewrite of tax code still faces many challenges
- GOP lawmakers eye final talks on bill as step to needed win
GOP Tax Bill Passes the Senate
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Senate Republicans narrowly approved the most sweeping rewrite of the U.S. tax code in three decades, slashing the corporate tax rate and providing temporary tax-rate cuts for most Americans.
The 51-49 vote -- achieved just before 2 a.m. Saturday in Washington and only after closed-door deal-making with dissident senators -- brings the GOP close to delivering a much-needed policy win for their party and President Donald Trump.