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    US House Approves Trump’s Tax Overhaul

    They’re one step closer. Scrambling to pass major legislation before the end of the year to boost midterm prospects in 2018, House Republicans won a 227-205 vote in favor of President Donald Trump’s signature tax reform bill, which rolls back the estate tax and slashes the corporate tax rate. The Senate Finance Committee voted 14-12 along party lines to approve their bill, which also repeals Obamacare’s individual mandate. That could complicate passage in the Senate, which is far from assured, as Republicans can afford only two defectors before the bill’s scuttled.

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