by Ed O'Keefe, Mike DeBonis, Robert Costa |
The Washington Post
December 14, 2017
Democrats warned Wednesday that Republican plans to speed ahead with revamping the nation’s tax code could spell more electoral trouble for President Trump and his party next year, especially with young people and suburban families.
House and Senate Republicans have reached a tax reform compromise, combining the House and Senate bills that would cut taxes by more than $1.4 trillion over a decade. Democrats claim the new version is even more slanted towards the wealthy.
Passing the tax bill would give the administration and the Republican-controlled Congress its first big legislative achievement of the year. “A lot of jobs and a lot of money will be created,” President Trump said in a speech at the White House Wednesday.