House will be forced to vote for a second time on the massive GOP tax bill due to after a Senate rule forced Republicans to change their bill, hours after House leaders celebrated what appeared to be a massive legislative victory.
The bill passed the House by a vote of 227-203, overcoming united opposition from Democrats and 12 Republicans who voted against it.
The plan includes a steep tax cut for businesses and temporary tax cuts for individuals. Middle-income taxpayers would pay about $930 less than under current law, or about 1.6 percent of after-tax income, the Tax Policy Center says. Workers would start to see changes in the amount of taxes withheld from their paychecks in February.
Police removed the demonstrators from the visitors' gallery and debate proceeded, with Republicans and Democrats alternating in speaking about the $1.5 trillion package.
In addition to cutting taxes for corporations and the wealthy, the legislation promises to be uniquely hazardous for women and families, despite meaningless assurances from Ivanka Trump to the contrary.
Democrats say the bill will deepen the income gap between rich and poor Americans, while adding $1.5 trillion over the next 10 years to the mounting $20 trillion USA national debt.
The biggest beneficiaries of the new tax plan are corporations, whose tax rate will decrease from 35 percent to 21 percent.
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Middle-income households would see an average tax cut of $900 next year, while the wealthiest one per cent of Americans would see an average cut of $51,000, according to the nonpartisan Tax Policy Centre, a think-tank in Washington. Asked if he was concerned by recent polling that shows the bill to be broadly unpopular, Ryan said he had "no concerns whatsoever", and he blamed the perception on misinformation.
"The tax bill will help make American businesses of all sizes more competitive, add more jobs, and increase wages", Tim Pawlenty, CEO of the Financial Services Roundtable, said in a press release.
Speaking on "Fox and Friends" Tuesday, Sanders said, "Today is a huge day, not just for the White House, not just for Congress but most importantly for America".
"This monster will come back to haunt them", she said on the House floor.
The House on Tuesday passed the GOP tax bill from the conference committee.
The Tax Cuts and Jobs Act (TCJA) will now be sent to the Senate.
Once the lower chamber approves the measure, the Senate is expected to quickly follow suit. Arizona Republican John McCain will miss the GOP tax bill vote.
GOP holdouts, Senators Susan Collins (R-Maine), Mike Lee (R-Utah), and Marco Rubio (R-Florida) announced they will vote in favor, after securing concessions from fellow lawmakers.