US lawmakers will vote Tuesday on the nation’s largest tax overhaul in decades, House Speaker Paul Ryan said, keeping Congress on track to get the contentious bill to President Trump’s desk by Christmas.
“Tomorrow is a day years in the making. The House will vote on the most sweeping, pro-growth #TaxReform legislation since Reagan,” Ryan tweeted on Monday, just days after Republicans unveiled their final bill aimed at providing massive tax cuts to American families and corporations.
The timing on a vote in the Senate, where the margin for passage is narrower than the House, remained unclear, although a top Republican lawmaker in the chamber, John Cornyn, said he expected a Senate vote as soon as Tuesday, and that he was “confident” it would pass.
Should the Tax Cuts and Jobs Act make it into law it would be the first major legislative victory of Trump’s presidency.
The plan is projected to add nearly $1.5 trillion to the national debt over…