Tax Reform Proposal Cleared by Senate Committee

  • Tax reform proposal of the Republicans cruised through Finance Committee of the Senate with a 14-12 party-line vote. The tax reform bill will be put to test on upper chamber's floor on late Thursday night. Reports say there is a slender margin of 52-48 in favor of the tax reform bill and the republican lawmakers need to work really hard to get its bill through in the upper chamber. Treasury Secretary Steven Mnuchin is upbeat about the development and told media that they are expecting the bill to be tabled on President Trump’s desk by Christmas.