(MENAFN- Kuwait News Agency (KUNA)) WASHINGTON, Dec 2 (KUNA) -- US Senate Republicans have passed a USD 1.5 trillion tax bill known as the "Tax Cuts and Jobs Act" where the bill was passed 51 to 49.
The White House said in a statement that U.S. President Donald Trump applauds the Senate for passing the Tax Cuts and Jobs Act.
The White House added "the Senators who voted for these historic tax cuts did a great service to their constituents as they supported putting America first, growing the economy, and rebuilding our great country." "The policies in this bill will cut taxes for hardworking families and put our economy on a path of sustainable economic prosperity and job creation," it noted.
It affirmed that "the Administration looks forward to working with Congress to fulfill the promise we made to deliver historic tax cuts for the American people by the end of the year." Secretary of Treasury Steven Mnuchin said in a separate statement that the Tax Cuts and Jobs Act "will bring better-paying jobs and opportunities to hardworking Americans, provide families with much-needed tax cuts, and lead to higher economic growth that will make our country stronger and more prosperous." (end) si.mt
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