Trump scores major political win as Senate passes tax plan
December 02, 2017  22:20
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United States President Donald Trump today scored a major political victory as the Senate passed his administration's $1.5 trillion tax plan, a historic step in tax reform.

The bill lowers tax rates for individuals and families till 2025 and permanently cuts corporate tax rates from 35 per cent to 20 per cent.

The House of Representative has already passed the bill.

The two versions of the bill would now have to be reconciled before it can be sent to the White House for Trump to sign into law.

'Biggest Tax Bill and Tax Cuts in history just passed in the Senate. Now these great Republicans will be going for final passage. Thank you to House and Senate Republicans for your hard work and commitment!' Trump said in a tweet.

'Look forward to signing a final bill before Christmas,' he added.

"The administration looks forward to working with Congress to fulfil the promise we made to deliver historic tax cuts for the American people by the end of the year," White House Press Secretary Sarah Sanders said in a statement, adding that the president applauded the Senate for passing the Tax Cuts and Jobs Act.

Passed by the Senate on partisan line of 51-49 votes, the bill also touches other Republican goals, including opening the Arctic National Wildlife Refuge to oil drilling and repealing the mandate that individuals purchase health insurance, which would punch a sizable hole in the 2010 Affordable Care Act, the Wall Street Journal reported.  -- PTI
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