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The House of Representatives have passed a set of tax cuts being reported as one of the greatest tax reforms / tax giveaways in History.
This is a flagship of President Trump and has saw him cajole his Republican party into order to get it passed with a comfortable majority. The bill will raise ta thresholds (the amount you need to earn before paying tax) Supporters say this will be a huge benefit to the economy and the middle class. Democrats have all voted against the bill. They suggest that there will be obvious losers in terms of funding for programmes and a huge mortgage for the nation as the national debt will soar to pay for it.
This first round has been passed in the House - The Senate version may be a lot different- It is currently going through - The compromise- if reached may be interesting. Certainly this is a victory for Trump who could not afford to lose this - especially controlling both the House and Senate.
This is a flagship of President Trump and has saw him cajole his Republican party into order to get it passed with a comfortable majority. The bill will raise ta thresholds (the amount you need to earn before paying tax) Supporters say this will be a huge benefit to the economy and the middle class. Democrats have all voted against the bill. They suggest that there will be obvious losers in terms of funding for programmes and a huge mortgage for the nation as the national debt will soar to pay for it.
This first round has been passed in the House - The Senate version may be a lot different- It is currently going through - The compromise- if reached may be interesting. Certainly this is a victory for Trump who could not afford to lose this - especially controlling both the House and Senate.
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