Barring some unforeseen catastrophe (or another floor-vote surprise akin to Sen. John McCain’s last minute decision to strike down the Senate’s plan to repeal and replace Obamacare), Congressional Republicans appear all but certain to pass the reconciled version of President Donald Trump’s tax-cut plan - the first time Congress has successfully passed comprehensive tax reform since 1986.
Yesterday we joked that with the US House of Representatives set to vote for the GOP tax bill on Tuesday, markets would "price in" the same tax legislation they have been pricing in every day for the past year, all over again...
Get ready for US markets to price in tax reform all over again in just a few short hours
— zerohedge (@zerohedge) December 19, 2017
In an announcement that effectively clears the way for the GOP's Congressional leadership to send the Republican tax-reform plan to President Donald Trump's desk, Maine moderate Susan Collins said Monday afternoon that she intends to vote for the bill.
House Judiciary Committee member Jim Jordan (R-OH) says he's gotten a commitment from committee chairman Bob Goodlatte (R-VA) to issue subpoenas for several key officials at the FBI and Justice Department implicated in disturbing revelations of political bias against President Donald Trump.
Rep. Jim Jordan (R-OH) (Alex Wong/Getty Images)
While we published both the full text(1,097 pages) and the "explanatory" statement (only 570 pages) released by the House-Senate conference committee on the final Republican Tax Bill, also known as the Tax Cuts and Jobs Act (TCJA), we are confident not many readers - or anyone else for that matter - will read the full text.
So, as we previewded yesterday, here again is the Cliff Notes version of what the GOP agreed on late on Friday, and which will be voted early to mid-next week by both the House and the Senate: