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Congress is ready to vote in favour of the biggest tax revamp since 1980s

The U.S. Congress dominated by Republicans will vote today on the biggest revamp of the American tax system since 1980s, and hardly anything can oppose the party’s greatest legislative win. The lower chamber, which put forward initial document a little over a month back, is the first to have a say through the afternoon vote.

The Senate will do the same either later today or tomorrow morning, following 10 hour-long debate, according to lawmakers. Votes in the House of Representatives and in the Senate are forecasted to adhere to the party line, therefore the future of the legislation seems decided.

Republicans claim that this broad set of tax cuts for big companies, small firms and individuals will give an impetus to the economy and stimulate job creation.

Another beneficial factor of this, as they believe, is that it could be helpful in keeping majority in both of the chambers in a year time when voters will cast their votes.

The events in the last weeks of the year heading to a positive resolution seem to be a noticeable restoration of Republican unity as the middle of 2017 was marked by contradictions among the party members, when the initiative to repeal Obamacare law failed in the upper chamber and the future of tax revamp looked very much improbable.



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