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Senate Republicans prepared to unveil sweeping tax legislation

WorldNews Friday, 10 November 2017 ()
Senate Republicans prepared to unveil sweeping tax legislationWASHINGTON — Senate Republicans revealed the details of their sweeping tax legislation Thursday, including a one-year delay in plans for a major corporate tax cut despite strident opposition from the White House and others in their own party. Their bill would leave the prized mortgage interest deduction untouched for homeowners in a concession to the powerful real estate lobby but would ignore a House compromise on the hot-button issue of state and local tax deductions. On the other side of the Capitol, the House Ways and Means Committee approved its own version of the legislation on a party-line 24-16 vote, amid intense political pressure on the GOP to push forward on the first major...
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News video: House of Representatives Passes The "Tax Cuts and Jobs Act"

House of Representatives Passes The "Tax Cuts and Jobs Act" 00:38

The House voted to pass the 429-page GOP tax plan, called the"Tax Cuts and Jobs Act" on Thursday. The massive bill is moving through Congress quickly, but the House bill's passage is just another in a series of steps for it. Senate Republicans debuted their own tax legislation as well, and it...

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