The United States Senate voted overnight in favor of the tax cuts and jobs bill which is being heavily pushed by the President. The bill was already approved by the House on Tuesday, though due to some Senate rules on budget reconciliation, the House will have to re-vote again this morning to pass an identical version to that of the Senate.
The President is taking his well-deserved victory lap this morning on twitter:
The United States Senate just passed the biggest in history Tax Cut and Reform Bill. Terrible Individual Mandate (ObamaCare)Repealed. Goes to the House tomorrow morning for final vote. If approved, there will be a News Conference at The White House at approximately 1:00 P.M.
In short, this is a massive victory for the country and for President Trump. Here is the video of Vice President Pence presiding over the Senate during the vote in case he was needed to break a tie vote:
In the end, Pence’s vote wasn’t needed as Republicans managed to band together and pass the bill with a 51 to 48 split over anti-growth Democrats. Senator McCain was not present due to ongoing illness related to cancer treatments.
The tax plan also eliminates the ObamaCare mandate that penalizes individuals for not carrying health insurance:
Senate Republicans have approved the repeal of ObamaCare’s individual mandate as part of their tax-cut bill, a major step toward ending an unpopular part of the health-care law.
“Families ought to be able to make decisions about what they want to buy and what works for them — not the government,” Sen. John Barrasso (R-Wyo.) said, hailing the accomplishment.
“I believe if people don’t want to buy the ObamaCare insurance, they shouldn’t have to pay a tax penalty to the IRS.”
Could this plan be better? Of course it could, but given the framework that it had to be crafted in, this is about the best we’re going to get under the Senate’s reconciliation rules and the current environment of partisan hackery. Democrats don’t want to cut government or give money back to the people in any form, so there is no chance of passing something that is bipartisan and pro-growth. The cuts on the corporate side and the cuts for pass-through small business entities are fantastic. The cuts for individuals are very good also. Overall, this bill will be a net positive for the majority of tax payers.
Some ignorant protesters were screaming things like “kill the bill, don’t kill us,” which is completely asinine considering what they’re protesting. It seems that every piece of legislation now, if it has anything to do with shrinking government, will kill you according to the left-win Democrat zealots. Enough already! America needs the tax cuts to jump-start this Trump economy. We deserve better than the non-existent growth under President Obama.