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|The Republican-controlled US House of Representatives gave final approval on Wednesday to the biggest overhaul of the US tax code in 30 years vans old skool dame , sending a sweeping US$1.5 trillion tax bill to President Donald Trump for his signature.
In sealing Trump’s first major legislative victory since he took office in January, Republicans steamrolled opposition from Democrats to pass a bill that slashes taxes for corporations and the wealthy while giving mixed, temporary tax relief to middle-class Americans.
The House approved the measure by 224-201, passing it for the second time in two days after a procedural foul-up forced another vote on Wednesday. The Republican-led Senate had passed it 51-48 in the early hours of Wednesday.
“We are making America great again,” Trump said vans old skool sort dame , echoing his campaign slogan at a White House celebration with Republican lawmakers. “Ultimately what does it mean? It means jobs, jobs, jobs, jobs.”
Trump, who emphasized a tax cut for middle-class Americans during his 2016 campaign vans old skool sort , said at an earlier Cabinet meeting that lowering the corporate tax rate to 21 percent from 35 percent was “probably the biggest factor in this plan.”
It was uncertain when the bill would be signed. White House economic adviser Gary Cohn said the timing depended on whether automatic spending cuts triggered by the legislation could be waived.
The administration expects the waiver to be included in a spending resolution Congress will pass later this week, a White House official told reporters. Cohn told Fox News Channel on Wednesday night that Trump could sign the bill as soon as today if the resolution was passed by then.
“If not, most likely we’ll sign it in the first week of the new year,” Cohn said.
In addition to cutting the US corporate income tax rate, the debt-financed legislation gives other business owners a new 20 percent deduction on business income and reshapes how the government taxes multinational corporations along the lines that the country’s largest businesses have recommended for years.
Wall Street’s main indexes were little changed on Wednesday vans old skool dame hvid , taking a breather after a month-long rally ahead of the long-anticipated tax vote. The S&P 500 has climbed about 4.5 percent since mid-November, led by a rally in sectors such as transport, banks and others that are expected to benefit the most from lower taxes.
Under the bill, millions of Americans would stop itemizing deductions, putting tax breaks that incentivize home ownership and charitable donations out of their reach vans old skool hvid , but also making tax returns somewhat simpler and shorter.
The bill keeps the existing number of tax brackets but adjusts many of the rates and income levels for each one. The top tax rate for high earners is reduced. The estate tax on inheritances is changed so far fewer people will pay.
Once signed, taxpayers likely would see the first changes to their paycheck tax withholdings in February. Most households will not see the full effect of the tax plan on their income until they file their 2018 taxes in early 2019.
In two provisions added to secure needed Republican votes, the legislation also allows oil drilling in Alaska’s Arctic National Wildlife Refuge and removes a tax penalty under the Obamacare health law for Americans who do not obtain health insurance.
NAY PYI TAW, Myanmar, Dec. 18 (Xinhua) -- Defending champions Vietnam crushed Malaysia 4-0 on Wednesday at Mandalar Thiri Stadium http://www.oldskooltilbud.com/ , Mandalay, ensuring their path towards the 27th Southeast Asian (SEA) Games women's football final.
Nguyen TMN opened scoring from a corner kick 10 minutes into the game and Nguyen TTD added one in the 54th minute.
On 63 minutes, Nguyen TMN sent a rebound to the bottom of the net, and 13 minutes later, Huynh N scored the fourth goal to seal the win.
In another semifinal vans old skool tilbud , hosts Myanmar will play Thailand.
RIO DE JANEIRO, Sept. 28 (Xinhua) -- Brazilian goalkeeper Bruno Fernandes has had a jail sentence for the 2010 murder of a former girlfriend reduced by 18 months.
A panel of judges voted to lessen the prison term from 22 years and three months to 20 years and nine months following an appeal, according to court documents filed in the state of Minas Gerias.
The decision means Bruno, as he is known in Brazil, will be released in 2031.
The 32-year-old was convicted in 2013 of killing his former partner Eliza Samudio vans old skool danmark , mutilating her body and feeding it to dogs.
He was granted a writ of habeas corpus in February and briefly resumed playing for national Serie B club Boa Esporte before returning to jail in April.
Bruno's career has included spells at Atletico Mineiro, Corinthians and Flamengo. In 2009 he was captain of the Flamengo team that won the Serie A championship.
Greek president visits exhibition of Ancient Chinese Science and Technology
Chinese books, woodblock printing shine at Nairobi Int'l Book Fair
Lantern festival held to celebrate upcoming National Day
Taliban attacks Kabul during NATO chief, U.S. defense secretary visits, killing 4
Four pandas from SW China make debut in NE China's Shenyang
Modern manufacturing http://www.oldskooltilbud.com/herre-nike-air-max-97-sko-hvid-312641-004-danmark.html , transport help six Chinese provinces develop fast
A look at Kantuman Bazaar in China's Xinjiang
Scenery of terraced fields in Houyuan Village, China's Fujian
CHICAGO, Sept. 22 (Xinhua) -- Gold futures on the COMEX divisionof the New York Mercantile Exchange rose on Friday as investorssought refuge amid escalating tensions between the United Statesand the Democratic People's Republic of Korea (DPRK).
The most active gold contract for December delivery rose 2.7dollars, or 0.21 percent, to settle at 1 http://www.oldskooltilbud.com/nike-air-max-97-kpu-sort-udsalg-herre-sko.html ,297.5 dollars perounce.
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