The House of Representatives on Wednesday passed the Republican tax bill, sending the sweeping legislation to President Donald Trump for signature. It is the biggest overhaul of the U.S. tax code in more than three decades, and permanently slashes the corporate rate to 21% while temporarily scaling back individuals’ rates. The bill also throws out Obamacare’s individual insurance mandate and opens part of an Alaskan wildlife refuge to oil and gas drilling. Democrats unanimously opposed the bill in both the House and Senate. The House had approved the bill Tuesday but was forced to revote after a procedural ruling.
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