The House passed the GOP’s final tax reform bill by the skin of their teeth, with a 227-203 winning vote.
House Speaker Paul Ryan said on Tuesday, “Today, we are giving the people of this country their money back.”
“This is real relief, and people are going to see this in their paychecks before too long,” Ryan added, “this is the greatest example of a promise being made and a promise being kept.”
The massive tax cut will start giving people larger paychecks as early as February, and is the biggest tax code rewrite since Ronald Reagan.
The $1.5 trillion package, presuming it clears the Senate as expected, will hand President Trump his first major legislative victory just days before year’s end and the congressional recess.
At an earlier news conference, Ryan said that “families at every income level get a tax cut,” vowing that a family of four making the median income would see a tax cut worth over $2,000.
Democrats sustained their vocal opposition to the bill – they’ve dubbed it a “scam” benefiting the wealthy – into the final moments before the vote. And protesters were escorted out after shouting out during Ryan’s floor speech, “You’re lying!”
Ryan, Trump and other supporters have countered the criticism by claiming the bill would unleash economic growth. The speaker led a round of applause on the House floor minutes before the vote, while thanking “architect” Rep. Kevin Brady, R-Texas, chairman of the Ways and Means Committee.
The floor action comes after GOP leaders worked to win support from the last remaining holdouts on the Senate side. Sens. Marco Rubio of Florida and Bob Corker of Tennessee backed the bill last week, while Susan Collins of Maine and Mike Lee of Utah endorsed it late Monday.
Barring any unexpected reversals, the bill is expected to narrowly pass the Senate in a matter of hours.
President Donald Trump is keeping promise after promise and I do not think he intends to stop winning any time soon!
He tweeted about the tax victory on Tuesday, “Congratulations to Paul Ryan, Kevin McCarthy, Kevin Brady, Steve Scalise, Cathy McMorris Rodgers and all great House Republicans who voted in favor of cutting your taxes!”
Congratulations to Paul Ryan, Kevin McCarthy, Kevin Brady, Steve Scalise, Cathy McMorris Rodgers and all great House Republicans who voted in favor of cutting your taxes!
— Donald J. Trump (@realDonaldTrump) December 19, 2017
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