VIDEO: Senate GOP passes massive tax bill, sending it back to House

 

WASHINGTON (AP) – Senate Republicans have passed the most sweeping rewrite of the nation’s tax laws in more than three decades, setting the stage for a final House vote Wednesday.

The House passed the bill earlier Tuesday. But the Senate had to make minor changes so the bill would comply with Senate budget rules.

The Senate vote was 51-48 on early Wednesday, with all Republicans in favor and all Democrats opposed.

Rewriting the tax code has been a longtime goal of Republicans and an effort championed by President Donald Trump.

Democrats complain that the package is a giveaway to corporations and the rich.

The tax cuts total nearly $1.5 trillion over the next decade and would take effect in January. Workers would start to see changes in the amount of taxes withheld from their paychecks in February.

This is the first major rewrite of the US tax code in 31 years, setting the stage for a final House vote on Wednesday.

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