Tag: US tax bill

Tax cut passes US House, heads to Senate for crunch vote

by Michael Mathes Agence France-Presse WASHINGTON, United States – The Republican-controlled US House of Representatives passed a landmark tax overhaul Tuesday, bringing Donald Trump one step closer to a major legislative triumph as the first year of his presidency draws to a close. Republicans received zero Democratic support as they passed the contentious $1.5-trillion package of tax cuts for businesses and individuals that critics say will particularly benefit the wealthy. The most comprehensive revamp of the nation’s […]

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Internal dissent as US Republicans roll out tax bill

by Michael Mathes Agence France Presse WASHINGTON, United States (AFP) — US Republican leaders unveiled a sweeping tax bill Thursday that would dramatically slash corporate rates, but the measure was already under fire from within the party despite pressure from President Donald Trump. Simmering disagreements persisted over what should end up in the largest tax overhaul since Ronald Reagan’s 1980s presidency, with at least one House Republican openly opposing the legislation. The effort, conducted largely […]

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