Thursday, November 30, 2017
Senate GOP clears key hurdle on taxes
POLITICO reports, “The Senate set the stage Wednesday for possible passage of its tax bill later this week, voting to begin formal debate after a day of wheeling and dealing for enough Republican votes. On a party line 52-48 vote, the Senate moved to formal debate on the GOP legislation, which Republicans are hoping to pass before the end of the year so they can take a key legislative victory into the 2018 elections after a year of disappointments on other major bills. The House passed its own version of tax reform earlier this month.”
U.S. third-quarter economic growth fastest in three years
Reuters reports, “The U.S. economy grew faster than initially thought in the third quarter, notching its quickest pace in three years, buoyed by robust business spending on equipment and an accumulation of inventories.”
Senate GOP votes to begin debate on tax bill
The Hill reports, “The Senate voted to begin debate on its tax cut bill Wednesday, edging Republicans closer to their first major legislative victory under President Trump as they seek to finish the chamber’s work on the measure by the end of the week. Senators voted 52-48 to take up the House-passed legislation, which is being used as a vehicle for the Senate bill.”
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