WASHINGTON (NBC News) — The House passed a $1.5 trillion tax package early Tuesday afternoon, but the Senate has called for a re-vote.
Democrats say there are three provisions in the GOP tax bill, forcing a re-vote: a provision allowing 529 plans for homeschooling expenses, the title of the bill, “The Tax Cuts and Jobs Act,” and part of the criteria used for university endowment taxes.
The problem was revealed by Vermont independent Sen. Bernie Sanders and Oregon Democrat Ron Wyden.
The House passed the bill in a 227-203 vote Tuesday morning and the outcome is not expected to change.
The Senate is likely to pass the tax bill Tuesday night, going back to the House on Wednesday.
President Trump promised his voters a new tax bill by Christmas and is poised to keep that promise.
“This tax reform is about growing paychecks for middle-class families, it’s about growing jobs in America and about our jobs, stopping leaving the United States,” said Texas Representative Kevin Brady.
Protesters at the Capitol rallied against the bill, which includes in it an increased child tax credit, doubled standard deductions, and cuts corporate rates.
One major provision taken out of the bill is the Obamacare individual mandate.
“So, the bill, in short, is a cynical one-two gut punch to the middle class,” said Senate Minority Leader Chuck Schumer.
It appears the bill could still be on the president’s desk by the end of the week.
Some story details provided by The Associated Press.