The Senate, where the vote appears to be tighter, will vote on the measure later Tuesday night after a period of floor debate, the chamber's Majority Leader Mitch McConnell said.
In an early morning tweet Tuesday, Trump savors what would be his biggest legislative accomplishment as president, and says "DOW RISES 5000 POINTS ON THE YEAR FOR THE FIRST TIME EVER - MAKE AMERICA GREAT AGAIN!"
Republicans' tax plan - which would steeply and permanently reduce taxes for corporations, while temporarily cutting taxes for many individuals - passed the House of Representatives Tuesday afternoon.
The Republican plan is projected to add almost $1.5 trillion to the national debt over the coming decade, according to the Joint Committee on Taxation, but that figure drops to about $1 trillion when economic growth is taken into consideration. "So the extent that this really is a tax cut and that people will start to feel those tax cuts and therefore more take-home pay next year, it's really good for Republicans", said Jon McHenry, a Republican pollster and strategist. "This is the beginning". The bill doesn't eliminate many loopholes and special provisions as they promised, including the carried-interest loophole that benefits private equity and hedge fund managers, some of the wealthiest earners in America.
Lane Kiffin, FAU agree on deal through 2027 Gilbert is a first-team all-Mid-American Conference selection who has recorded more than 120 tackles each of the last two seasons. After skipping out on Tennessee after one season in Knoxville, Kiffin was sacked from his dream job, Southern California.
Phillies Sign Carlos Santana To 3-Year, $60 Million Deal Note: A defamation lawsuit filed by Pete Rose a year ago against the lawyer who got him kicked out of baseball has been dismissed. The right-hander led the American League with 21 wins in 1956, was a two-time All-Star and won the Gold Glove Award in 1961.
They also warn the reform risks blowing a hole in the national debt, which has surged past $20 trillion.
The bill also matches the version passed by the Senate in doing away with the Affordable Care Act's individual mandate to obtain insurance, effectively making the tax bill double as Republicans' biggest blow to Obamacare.
Even with the delay, if all goes to plan, the bill will make it to President Trump's desk before the GOP's self-imposed Christmas deadline. John McCain, who is in Arizona receiving care for complications from his cancer treatment, is not expected to be in Washington to vote for the bill, bringing Republicans' vote total to 51.
The Senate result was in doubt in recent weeks. This legislation provides direct and immediate tax relief for individual Americans and American families by doubling the standard deduction and doubling the child tax credit to $2,000 per child with $1,400 being refundable for working families not earning enough to pay federal income taxes.
While Republicans failed earlier this year to repeal and replace the health care law of Trump's predecessor Barack Obama, the tax plan takes a key step in that regard, by scrapping the individual mandate that requires almost all Americans to have health insurance or pay a fine. Banks with assets of less than $10 billion will still be able to write off their deposit insurance premiums.
GasBuddy: Christmas gas prices will be highest since 2013
GasBuddy.com's latest report over the weekend said the average price for a gallon of unleaded in IN is two dollars and 48 cents. Gas prices are still higher than a year ago after the Harvey-related refinery shutdowns sent them spiking across Texas.