Tag: US taxation

Trump on verge of tax victory as US Senate passes overhaul

by Michael Mathes Agence France Presse WASHINGTON, United States (AFP) — The US Senate narrowly approved a sweeping tax overhaul early Wednesday, putting President Donald Trump on the brink of his first major legislative triumph nearly a year after he took office. Hours earlier, Trump’s $1.5 trillion deficit-busting tax cuts cleared the House of Representatives, but a rare last-minute snag over parliamentary rules will force the lower chamber to vote on the updated package once […]