Senate Passes Sweeping Tax Reform, Trump Poised to Sign Historic Bill Into Law
It’s (nearly) over. By a 51-48, strictly along party lines, the US Senate has passed a GOP-backed tax reform package that will cut taxes for more than 80 percent of all Americans (raising taxes on a tiny, disproportionately wealthy fraction), benefit small businesses, and make America’s extraordinarily highcorporate tax rate — both statutory and effective — far more internationally competitive.…