- In season 2, ‘Succession’ has quietly become one of the best shows on TV Sunday 9:10 PM
- Alexa Demie shares the beauty inspiration behind ‘Euphoria’s’ Maddy Sunday 5:47 PM
- Fans just discovered Lizzo’s old YouTube channel–and it’s full of gems Sunday 4:22 PM
- The ‘Final Destination’ movies are now streaming on Hulu Sunday 2:44 PM
- Marvel asked ‘Maus’ author to remove Trump reference from essay–he refused Sunday 2:02 PM
- Counselors reportedly pressured to share private info about Facebook moderators Sunday 1:20 PM
- Barstool Sports founder under investigation for anti-union tweets Sunday 12:34 PM
- Harmony Korine’s ‘The Beach Bum’ is now streaming on Hulu Sunday 12:19 PM
- How an Instagram feud led to the death of 9-year-old girl Sunday 11:08 AM
- A scarier ‘The Haunting of Hill House’ extended director’s cut is coming to Blu-ray Sunday 9:15 AM
- The 9 best podcasts for kids that entertain and educate Sunday 8:00 AM
- Swipe This! Why does my BFF get more likes on Instagram than me? Sunday 6:00 AM
- The 25 Tom Cruise movies that are essential viewing Sunday 6:00 AM
- No, that guy didn’t really fly alone on a Delta flight Saturday 4:31 PM
- Fans are paying to meet their favorite YouTubers online through pilot program Saturday 2:54 PM
The Senate passed a massive tax bill early Saturday morning that could remake the entire American economy, giving Donald Trump his first major legislative victory and incensing critics who called it an unfair process.
Senators passed the bill 51-49 with all Republicans but Tennessee Sen. Bob Corker voting for the bill. All Democrats voted no.
Republicans have said all along that the bill will allow for a boon for businesses, as the corporate tax cut is slashed from 35 percent to 20 percent, and that many other Americans will see a tax cut. But critics of the bill point out that individual tax cuts will disappear after 2025 and that it will only help the massively wealthy in the long run. For those who aren’t wealthy, it could eventually hurt your wallet.
It’s “just what the country needs to get growing again,” said Senate Majority Leader Mitch McConnell.
Said Democrat leader Chuck Schumer, via the BBC: “My Republican friends will ultimately pay consequences for this bill in 2018 and beyond. The Republican party will never again be the party of tax cuts for middle-class people.”
Democrats were incensed by all the last-minute changes to the bill that they then were forced to vote on only hours later and on which the Congressional Budget Office declared would add more than $1 trillion to the deficit.
I was just handed a 479-page tax bill a few hours before the vote. One page literally has hand scribbled policy changes on it that can’t be read. This is Washington, D.C. at its worst. Montanans deserve so much better. pic.twitter.com/q6lTpXoXS0— Senator Jon Tester (@SenatorTester) December 2, 2017
Any handwriting experts out there? I'd like to know what this says before they call for a vote. This is absurd. pic.twitter.com/6UkiJmuY9T— Senator Bob Casey (@SenBobCasey) December 1, 2017
Trump, though, was thrilled.
We are one step closer to delivering MASSIVE tax cuts for working families across America. Special thanks to @SenateMajLdr Mitch McConnell and Chairman @SenOrrinHatch for shepherding our bill through the Senate. Look forward to signing a final bill before Christmas! pic.twitter.com/gmWTny3SfS— Donald J. Trump (@realDonaldTrump) December 2, 2017
Biggest Tax Bill and Tax Cuts in history just passed in the Senate. Now these great Republicans will be going for final passage. Thank you to House and Senate Republicans for your hard work and commitment!— Donald J. Trump (@realDonaldTrump) December 2, 2017
But since the House of Representatives passed its own bill, there are two options to send a bill to Trump’s desk to sign. Either the two houses of Congress will have to reconcile their differences in committee and then both sides will have to pass the new bill, or the House of Republicans could simply pass the exact same bill the Senate just did.
Josh Katzowitz is a staff writer at the Daily Dot specializing in YouTube and boxing. His work has appeared in the New York Times, Wall Street Journal, Washington Post, and Los Angeles Times. A longtime sports writer, he's covered the NFL for CBSSports.com and boxing for Forbes. His work has been noted twice in the Best American Sports Writing book series.