Senate Republicans passed the most extensive rewrite of the U.S. tax code in more than 30 years, a bill that delivers a deep, permanent tax cut for corporations and shorter-term relief for individuals.
The chamber's 51-48 party line vote just before 12:45 a.m. Wednesday in Washington brought President Donald Trump to the brink of his first major legislative victory. The bill—which has scored poorly in public opinion polls—promises to become one of the biggest issues in the 2018 elections that will determine whether the GOP retains its majorities in Congress.
Trump marked the occasion on Twitter, calling the legislation "the biggest in history Tax Cut and Reform Bill"—though experts have said that's not the case. Before reaching his desk, the bill must return to the House for one final vote Wednesday. After that, the president said, he'll hold a news conference at the White House.
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