House Republicans on Tuesday passed their final plan to slash individual and corporate taxes, a vote that will put President Trump in a position this week to be the first president since Ronald Reagan to sign major tax reform into law.
The Senate was expected to follow up with a narrow vote to pass the same bill late Tuesday evening, after which it will head toward Trump’s desk. Republicans said the votes meant they met their commitment to pass the bill before Christmas, and their broader campaign commitment to let people and companies around the nation keep more of their own money.
“This is the greatest example of a promise being made and a promise being kept,” House Speaker Paul Ryan, R-Wis., said of the tax overhaul just before the vote. “It’s been a long, long time. It’s an honor to be Speaker of the House to see this.”
Ryan also cast the vote as a blow against a federal government that he said has demanded too much of the people’s money for decades.
Read more at the Washington Examiner.