Senate passes Republican tax overhaul - KULR8.com | News, Weather & Sports in Billings, Montana

Senate passes Republican tax overhaul

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WASHINGTON (AP) - The Senate has passed a nearly $1.5 trillion Republican tax bill that's historic in scope and an urgent political priority for President Donald Trump and the GOP.
  
The vote was 51-49, largely along party lines. Not a single Democrat voted in favor of the legislation, which was crafted behind closed doors by Senate Republican leaders. Tennessee Sen. Bob Corker, who calls the growing debt a national security threat, joined Democrats in opposing the bill.
  
The bill lays the bulk of its tax cuts on businesses and higher-earning individuals and gives more modest breaks to others.
  
It would bring the first major overhaul of the U.S. tax system in three decades. The measure must be reconciled with a version the House passed last month.

(Copyright 2017 The Associated Press.  All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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