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US Congress moves closer to final tax bill with House vote

5 December, 2017 4:19 AM
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US Congress moves closer to final tax bill with House vote

The Republican-controlled US House of Representatives voted on Monday to go to conference on tax legislation with the Senate, moving Congress another step closer to a final bill.

The House voted 222-192 to go to conference with the Senate, setting up formal negotiations on the legislation that could take weeks to complete. Seven Republicans voted "no."

The Republican-led Senate was expected to hold a similar conference vote later this week.

House Speaker Paul Ryan named nine fellow Republican House members to the conference committee, including Kevin Brady, head of the tax-writing Ways and Means Committee, who will chair it.

The other Republican representatives Ryan appointed were: Rob Bishop, Diane Black, Kristi Noem, Devin Nunes, Peter Roskam, John Shimkus, Greg Walden and Don Young.

House Democratic leader Nancy Pelosi appointed five members of her party: Kathy Castor, Lloyd Doggett, Raúl Grijalva, Sander Levin, Richard Neal.

The Senate narrowly approved its version of the tax overhaul early on Saturday, moving President Donald Trump a step closer to realizing one of his main campaign promises. The House passed its bill last month.

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Source: moneycontrol.com

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