America is back baby! Senate Passes Sweeping Revision of U.S. Tax Code

WASHINGTON—The Senate passed sweeping revisions to the U.S. tax code past midnight Saturday after Republicans navigated a thicket of internal divisions over deficits and other issues to place their imprint on the economy.

The bill, which included about $1.4 trillion in tax cuts, would lower the corporate rate to 20% from 35%, reshape international business tax rules and temporarily lower individual taxes. It also touched other Republican goals, including opening the Arctic National Wildlife Refuge to oil drilling and repealing the mandate that individuals purchase health insurance, which would punch a sizable hole in the 2010 Affordable Care Act. But some objectives, such as repealing the alternative minimum tax, fell by the wayside in last-minute wrangling.

Obamacare just got defunded, US Corporation will now be competitive again on the world stage and middle class families will have a couple thousand bucks extra in their pockets.

Watch the stock market go ballistic next week with this news. I for one can't wait to cancel my health insurance and get a couple extra thousands bucks to spend on anything my family needs. Next year is going to very interesting to see money pouring into US companies and also I'd expect wages to go up and cost for good to go down as companies have extra cash to compete with one another again.

Let the good times roll!

Source: https://www.wsj.com/articles/senate-passes-sweeping-revision-of-u-s-tax-code-1512197717