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U.S. HOUSE PASSES TAX CUT BILL

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The U.S. House has passed a Republican backed bill to begin the biggest overhaul of the U.S. tax system in three decades.

The House voted 227-205, mainly along party lines to approve the bill.

Nebraska Congressman Adrian Smith says the bill will benefit middle income families:

OC………middle income folks. ;27

Most of the House bill’s tax cuts would go to business.
The bill now goes to the U.S. Senate for consideration:

OC………by Christmas. :11

Critics say projected federal deficits would grow by $1.5 trillion over the coming decade.