U.S. Sens. Jerry Moran and Pat Roberts hailed final passage Wednesday of the sweeping rewrite of federal tax law that lowers individual rates and sharply reduces the corporate rate to provide a climate Kansas Republicans predict will inspire job creation.
The House first approved a $1.4 trillion package Tuesday, but had to vote again Wednesday after the Senate made adjustments Tuesday night to the bill analysts expect to bloat the federal deficit by more than $1 trillion over the next decade.
Moran said lowering individual tax rates, increasing standard deductions and expanding the child tax credit would benefit lower-income families.
The Senate vote was 51-48, while the final vote in the House was 224-201. President Donald Trump pledged to sign the legislation.
Roberts, who serves on the Senate Finance Committee, said lawmakers embraced much-needed tax relief to families and reset the business climate to promote job formation.
Roberts said he was pleased the bill included repeal of the Affordable Care Act penalty on individuals who declined to obtain health insurance.
Congressional Democrats attacked the bill by accusing the GOP of backing legislation that provided permanent tax reductions to corporations but temporary cuts for individual taxpayers. Democrats criticized the rushed process leading to adoption of the bill.