President Trump was successful in passing a massive tax cut and job act earlier this week.

With the new bill passing in the Senate, it moves on to the House where it is expected to pass without a problem.

Though the bill was tweaked to comply with Senate procedural rules, when it passes, Trump’s new tax plan will make history.

Following the vote, Senate Majority Leader Mitch McConnell claimed he was proud of the legislation the party crafted.

McConnell also stated his interest in how the country will receive the bill, as it will make a major impact on the economy that should satisfy many struggling Americans.

The Daily Caller reported:

The Senate passed the Tax Cuts and Jobs Act along party lines in a vote early Wednesday morning

The bill is slated to pass the House a second time Wednesday after the measure was tweaked Tuesday afternoon to comply with Senate procedural rules.

The bill delivers the largest overhaul to the tax code seen since 1986, and Republicans said they’re confident the changes will spark economic growth and increase wages.

“As we go forward, I want American taxpayers to think of three dates and keep them in mind. New year’s day, America will have a new tax code for a new era of American prosperity,” House Ways and Means Committee Chairman Kevin Brady told reporters following the House vote Tuesday afternoon. “February 1, look at your paychecks. Because you’ll see the tax relief we delivered today. On April 15, you will for the last time file your taxes under this horrible, terrible tax code that we’re putting behind us for the American people.

Conferees released the final bill Friday evening after days of negotiations. Senate Democrats opted to challenge a number of provisions, arguing they didn’t comply with the Byrd Rule — a reconciliation bill requirement.

The $1.5 trillion tax package dramatically reduces the corporate rate from 39.5 percent to 21 percent and brings down individual rates. It includes seven individual tax brackets falling at 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent.

While GOP lawmakers aim to make both the individual and corporate reductions permanent, the individual rate deduction is slated to expire in 2025.

House Speaker Paul Ryan said GOP lawmakers will work to ensure the reduced rates remain intact down the line.

“We have every intent to make those permanent, because of the Senate Rules you know why that sunset is there,” he told reporters.

In addition to making major cuts to tax breaks, the bill also doubles the standard deduction for households and allows other deductions for children and mortgage rates to increase as well.

This tax legislation will not only help the economy, but help working class Americans.

The bill will lead to larger paychecks and a simpler tax code for lawmakers.

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