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U.S. Senate approves major tax cuts in victory for Trump

Reuters  |  WASHINGTON 

By David Morgan and Amanda BeckerWASHINGTON (Reuters) - The U.S. Senate narrowly approved a tax overhaul on Saturday, moving Republicans and President Donald Trump a big step closer to their goal of slashing taxes for businesses and the rich while offering everyday Americans a mixed bag of changes.In what would be the largest change to U.S. tax laws since the 1980s, Republicans want to add $1.4 trillion over 10 years to the $20 trillion national debt to finance changes that they say would further boost an already growing economy.Trump, speaking to reporters as he left the White House for New ...

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First Published: Sun, December 03 2017. 08:37 IST