The Senate moments ago voted to approve the tax reform bill, 51-48.House Speaker Paul Ryan (R-WI) issued the following statement after the Senate passage of the conference report to H.R. 1, the Tax Cuts and Jobs Act:
“After years of work, we are going to enact the most sweeping, pro-growth overhaul of our tax code in a generation. Americans are going to see relief almost immediately in the form of bigger paychecks and lower taxes. I commend Leader McConnell and Chairman Hatch for working closely with the House to produce this historic legislation, and I look forward to joining them to send it to the president.”
The bill still needs to head back to the House before it goes to the President’s desk.