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Tax bill passes Congress, goes to Trump for signature
Polls show that only about a third of Americans have a favorable view of the tax bill.
By Delila James
Jan 12, 2018

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WASHINGTON D.C. — The Republican-led House of Representatives has given final approval to the bill that brings sweeping changes to the tax code. The legislative package now goes to President Trump for his signature.

The House passed the bill for a second time Wednesday morning in a 224-201 vote, after three provisions had to be omitted because they violated Senate budget rules. No Democrats voted for the bill.

The bill also repeals the Obamacare individual mandate, which required people to buy health insurance or pay a penalty.

"When the individual mandate is being repealed that means Obamacare is being repealed," Trump said during a Cabinet meeting at the White House, according to The Hill. "We have essentially repealed Obamacare and we will come up with something much better."

While the legislation cuts tax rates for individuals and corporations, Democrats uniformly opposed it, saying the bill primarily benefits the wealthy and adds to the deficit.

Polls show that only about a third of Americans have a favorable view of the tax bill. Republicans think that will change next year when people see increases in their after-tax incomes.

"When it gets in place, when people see their paychecks getting bigger in February because withholding tables have adjusted to reflect their tax cuts, when businesses are keeping more of what they earn, when they can write off their spending and hire more people, that's going to change its popularity, I am convinced," said House Speaker Paul Ryan (R-Wis.) Wednesday on "CBS This Morning."