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U.S. Senate approves Republicans' tax overhaul

Reuters  |  WASHINGTON 

By David Morgan and Amanda BeckerWASHINGTON (Reuters) - The U.S. Senate approved a sweeping tax overhaul on Saturday, moving Republicans and President Donald Trump a major 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 U.S. tax overhaul 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.U.S. stock markets have rallied for months in hopes Washington would ...

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First Published: Sat, December 02 2017. 13:05 IST