The plan, expected to become law for next year, would significantly remake the U.S. tax code for the first time in decades. The bill would slash tax rates for businesses while temporarily trimming the tax burden on most, but not all, individuals.
For the second time in two days, House Republicans cheered as they secured enough support to approve their promised tax code revision. The chamber passed the legislation by a 224-201 margin, with 12 Republicans bucking their party and voting against it.
The tax bill represents the signature legislative achievement of Trump's first year in office, although it was unclear Wednesday precisely when the president planned to sign the legislation into law. The House and Senate are scheduled to recess for Christmas later this week.
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