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Current affairs: US parliment passed an epic overhaul of tax reform

Donald Trump threatened to cut funding to countries that vote against the United States on the eve of the UN Jerusalem vote.
Donald Trump threatened to cut funding to countries that vote against the United States on the eve of the UN Jerusalem vote. Source: AAP

The U-S House of Representatives has passed an epic overhaul of tax reform. The Republican-dominated House voted, a second time, along party lines to approve the complex legislation, following a narrow vote in the Senate. The US$1.5-trillion Tax Cuts and Jobs Act gives dramatic tax breaks to corporations, and families at all income levels will see their income tax drop starting next year. Ivan and Winmas report.


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By Ivan Leung

Source: SBS



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The U-S House of Representatives has passed an epic overhaul of tax reform. The Republican-dominated House voted, a second time, along party lines to approve the complex legislation, following a narrow vote in the Senate. The US$1.5-trillion Tax Cuts and Jobs Act gives dramatic tax breaks to corporations, and families at all income levels will see their income tax drop starting next year. Ivan and Winmas report.



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