What Did and Didn't Make the Final GOP Tax Bill

Conservatives in Congress rallied behind a final tax reform bill on Friday, moving one step closer to sweeping legislation that will redefine the Republican Party and remake finance in America. Several hold-outs in the GOP, including Senator Marco Rubio of Florida and Senator Bob Corker of Tennessee, dropped their opposition to the bill as it proceeded through the conference committee, leaving few obstacles in its way. A vote on the most significant tax reform push in 30 years could happen as soon as Monday.

While the bill appeared to unify Republicans, they nevertheless only revealed its contents publicly on Friday evening, perhaps in deference to the bill’s historic unpopularity. In addition to providing benefits to the wealthiest households (including Republicans in Congress), the first legislative achievement of the Trump administration lowers corporate tax rates substantially, a shift in tax priority that will result in a sting felt by many.