What's in the GOP's final tax plan
It's official.
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Stocks surged Monday after Wall Street got its early Christmas present -- a bill that would cut taxes for many businesses and that could be signed by President Trump before the holiday.
Republicans are on the brink of passing a nearly $1.5 trillion tax overhaul, and at this point, it looks like nothing can stop them.
President Donald Trump will make his final pitch on tax reform to the American people Wednesday in a speech that will not "lean in on as many of the specifics as his prior tax reform speeches," according to two senior administration officials who briefed reporters Tuesday.
Sen. Rand Paul, a Kentucky Republican, will "likely support" the GOP's Senate tax bill, a Paul aide told CNN in an email Monday.
In the US Senate, the tax bill could fail or succeed based off of the votes of just a handful of members. After recess this week, Senators will return from Thanksgiving and move immediately to vote on a plan that would permanently lower the corporate tax rate, temporarily lower rates across the middle-class and would drastically reshape the country's tax code.
GOP lawmaker wants to use Republicans' plans to overhaul the US tax code to eliminate a loophole for corporations to deduct expenses related to sexual harassment settlements.
The Senate Finance Committee approved the $1.5 trillion Republican tax overhaul proposal late Thursday night after four days of markup.
President Trump says Congress is working hard to pass his tax reform bill.
One of the oldest sayings on Wall Street is that investors hate uncertainty. But that adage, much like other conventional wisdom, is being challenged during the Trump era.