World Bulletin / News Desk
The U.S. Senate early Saturday approved a Republican-backed tax overhaul reform bill, the first major step to revamping the country's tax system in three decades.
After a series of amendments in a marathon session, some scribbled in the bill’s margins, the bill passed 51-49 in a nearly party-line vote, marking the largest tax overhaul in 31 years with nearly $1.5 trillion in cuts.
"Biggest Tax Bill and Tax Cuts in history just passed in the Senate. Now these great Republicans will be going for final passage," President Donald Trump said in a tweet, thanking the Senate Republicans for their support.
The House of Representatives approved a similar bill last week.
After the bill’s passage in both the U.S. House and Senate, the two chambers now need to sort out their differences and come up with final legislation before sending it to Trump’s desk for signing into law.
"Look forward to signing a final bill before Christmas!" the president added, expressing his long-desired tax reform to be finalized before the end of this year.
Along with all the Democrats, Bob Corker was the only Republican senator to cast a No vote, voicing fears the cuts in corporate taxes would hurt government revenues and push up the budget deficit.
"This is yet another tough vote. I am disappointed. I wanted to get to yes," Corker said before voting.
"But at the end of the day, I am not able to cast aside my fiscal concerns and vote for legislation that I believe, based on the information I currently have, could deepen the debt burden on future generations."
Stone County Sheriff Doug Rader said 31 people had been aboard the amphibious vessel, known as a duck boat for its wheels that allow it to ride on land in addition to floating low on the water.
After weeks of apparently fruitless negotiations, the United States early this month imposed 25 percent tariffs on approximately $34 billion of Chinese mechanical and technological products -- sparking an immediate response from Beijing, which said it would hit back dollar for dollar.
Today marks the 44th anniversary of Turkey’s military operation on the Mediterranean island
Island divided since 1974, when Turkish army interceded under Ankara’s guarantor status to protect Turkish community
18 children among dead, according to Gaza’s Health Ministry
UN chief's Iraq envoy calls on the incoming government to prioritize 'reforms and the fight against corruption'
Greenhouse gases from waste equal to adding 2.1 million cars to roads
Organization of American States condemns Daniel Ortega in resolution
South Korean foreign minister cannot 'rule out' trilateral summit in two months
Airstrikes conducted in Turkey’s southeast and northern Iraq
4 bombs exploded near roadside in Kirkuk, at least 10 people were injured
19 reported dead, 103 rescued, 25 missing, rescue operation ongoing in Mediterranean
Under terms of Iraq’s constitution, current assembly’s mandate expired on June 30
In remarks ahead of this weekend's meeting of Group of 20 finance ministers in Argentina, Lagarde said there were signs global growth could begin to decline and called on policymakers to prepare.
Israeli army frequently conducts wide-ranging arrest campaigns in the occupied West Bank
Probe by Israeli rights group B'Tselem concludes that intentional fatal shot was fired at the Palestinian paramedic.