The Senate approved a tax bill in hopes to cut taxes on businesses. This bill is a big win for most of the rich, the President being namely one himself. 80 percent of millionaires would owe less taxes. It keeps seven tax brackets, but cuts rates at each level, according to The Washington Post. Lots of deduction taxes will be taken away, such as for losses from a fire to even moving expenses.
The bill would also raise the deficit by $1 trillion.
And plans unrelated to taxes were included in this bill. Individual health insurance mandate would go away. Drilling in Alaskaā€™s National Wildlife Refuse would become legal.
The bill ended up being 479-pages long, and they only had seven hours to read it.
So here are some things Senate couldā€™ve read at the same length instead of the tax bill.
- Moby Dick by Herman Melville (822 pages)
- Jane Eyre by Charlotte Brontƫ (545 pages)
- The Iliad by Homer (560 pages)
- Twilight by Stephanie Meyers (544 pages)
- Harry Potter and the Goblet of Fire by J.K. Rowling (636 pages)
- Harry Potter and the Order of the Phoenix by J.K. Rowling (766 pages)
- Harry Potter and the Half-Blood Prince by J.K. Rowling (607 pages)
- Harry Potter and the Deathly Hallows by J.K. Rowling (607 pages)
- The Book Thief by Markus Zusak (584 pages)
- All the Light We Cannot See by Anthony Doerr (544 pages)