It passed in the wee hours, and by a wee margin: The Senate passed the biggest tax overhaul in more than 30 years Saturday morning 51-49. Tennessee's Sen. Bob Corker was the only Republican to side against the bill. With the House having passed its bill in November, Congress is just a few steps away from getting something on President Trump's desk. He tweeted in part, "Look forward to signing a final bill before Christmas!" Politico reports the final hours before the vote were filled with "horse trading" and some ridicule from Democrats: Minority Whip Dick Durbin tweeted a photo showing a page of the bill with semi-legible handwriting scrawled in the margin, saying, "Trying to review the #GOPTaxScam but they are making hand-written changes to brand new text as we speak – can anyone else read this?"
Senate Minority Leader Chuck Schumer swung at Republicans for releasing a revamped 479-page bill that senators didn't have time to review. GOP Sen. Ron Johnson's take, per the AP: "You really don't read this kind of legislation." Among the numerous last-minute amendments that were debated: A controversial provision by GOP Sen. Pat Toomey that would have given Michigan's conservative Hillsdale College a pass on a new tax on university endowments was axed. Politico reports the House will on Monday formally assemble the conference committee that will work to get the House and Senate measures to jibe; the Senate hasn't commented on a formal conference yet. The Wall Street Journal offers a chart that illustrates key differences between the two bills.
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