Thad Cochran

Congress poised to approve major overhaul of federal taxes

Congress poised to approve major overhaul of federal taxes

Congressional Republicans were on the verge of approving the first major overhaul of the nation’s tax laws in three decades as negotiators locked down the final version of the bill Friday and two key Senate holdouts announced that they would support the measure.

Jubilant GOP leaders said they expect to vote on the $1.5 trillion legislation in the coming days and deliver it to President Donald J. Trump by the end of next week, handing the White House its first significant legislative victory.

While independent analysts predict that most Marylanders would receive a tax break under the bill, the proposal has drawn sharp criticism from Democrats for providing more generous...

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