House set to pass tax bill as Trump awaits first big legislative victory

Bill that would add more than $1tn to deficit, end key element of Obamacare, and open Alaska wildlife reserve to drilling would then head to Senate

House Republicans are poised to pass a major tax bill on Tuesday, which would set the stage for Donald Trump to achieve his first major legislative success in office.

The legislation, finalized in a conference report last week, would lower the top rate on families and individuals to 37% and the top rate on corporations to 21%.

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