Republicans Pass Disastrous Tax Cuts
December 21, 2017
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6:46Now PlayingRepublicans Pass Disastrous Tax Cuts
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as posted by the channelThe Republicans have passed the most massive tax cut since 1986. Cenk Uygur and John Iadarola, the hosts of The Young Turks, tell you what the repercussions will be. Tell us what you think in the comment section below.
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“Congressional Republicans delivered on their first major legislative accomplishment of the Trump era on Wednesday, when the House voted 224-201 to pass a $1.5 trillion tax package. The bill cuts individual rates for eight years and slashes the top corporate tax rate to 21 percent permanently.
The bill now goes to Trump for his signature, though it's not clear when he will sign it. The president, Vice President Pence and lawmakers hailed the victory and thanked each other for their work on the bill's passage on the White House lawn on Wednesday afternoon.
"I promised the American people a big, beautiful tax cut for Christmas. With final passage of this legislation, that is exactly what they are getting," Trump said in a written statement earlier in the day. "I would like to thank the members of Congress who supported this historic bill, which represents an extraordinary victory for American families, workers, and businesses."
Republican lawmakers hoped to put the bill over the goal line a day earlier, after the House claimed victory in a 227-203 vote Tuesday afternoon, but hit a procedural hurdle. The Senate passed the bill with some slight tweaks in the early hours of Wednesday morning on a party-line vote, 51-48.”
Hosts: Cenk Uygur, John Iadarola
Cast: Cenk Uygur, John Iadarola
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