U.S. Senate approves massive tax cuts, Trump expects to finalize bill by Christmas

U.S. Senate approves massive tax cuts, Trump expects to finalize bill by Christmas


In the United States,… the Senate has approved
what would be the country’s most significant tax overhaul in more than 30 years. It was passed on Saturday in a 51-to-49 vote
with no support from the Democrats and one Republican defection. The Senate plan would cut the corporate tax
rate from the current 35 percent to 20 percent. There would also be tax breaks for individuals,
but the Senate plan still differs with the House plan in some areas. Some lawmakers are concerned it would add
about a trillion dollars to the U.S. deficit over the next ten years. President Trump thanked the House and Senate
Republicans on Twitter, saying he expects the plan will be finalized by Christmas.

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