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Republicans charge to tax-cut finish line

Democrats have decried the rapid, largely secretive process that produced the bill.


Republicans rallied around their plan to couple a sweeping, permanent tax cut for US corporations with temporary benefits for individuals as they completed a six-week sprint to fashion a rewrite of the US tax code. GOP lawmakers posted their 503-page bill on Friday evening after gaining key votes from two Republican senators who’d threatened to oppose it. Now, with votes planned in the House and Senate by the middle of next week, President Donald Trump is closing in on his first major legislative victory. The bill — hammered out behind closed doors by Republican ...

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First Published: Sun, December 17 2017. 00:14 IST