Senate Votes to Proceed with Tax Reform Legislation
The U.S. Senate today recorded a party-line 52-48 vote to begin the 20-hour debate period for the Tax Cuts and Jobs Act tax reform legislation. After the 20-hour period ends, the Senate will begin “vote-o-rama” proceedings in which final amendments may be considered. For details on the provisions in the Senate bill and how it contrasts with the House version of the legislation, listen to this week’s episode of the Tax Credit Tuesday podcast.
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