2017-11-29 18:13:15

As GOP Tax Plan Faces Senate Vote, Critics Say Bill Would Give Hundreds of Billions to Top 1 Percent

Republicans are rapidly pushing forward with their efforts to pass President Donald Trump’s tax plan, which would overhaul the tax code in order to shower billions of dollars in tax cuts upon the richest Americans, including Trump’s own family. On Tuesday, the Senate Budget Committee passed the Senate version of the plan, with all Republicans on the panel voting for it and all Democrats voting against. Protesters disrupted the committee hearing Tuesday with chants of “Kill the bill, don’t kill us.” The plan will now go to the full Senate for a vote as early as Thursday. The Senate bill slashes the corporate tax rate and gives further tax cuts to wealthy business owners. It would also repeal a key provision of the Affordable Care Act, the requirement that most Americans have health insurance. Experts say revoking this provision, known as the individual mandate, would cause the cost of health insurance to skyrocket.

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