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US Senate Passes Budget Bill to Give Momentum to Trump's Tax Cuts

Sina US Stock News Bloomberg reported on the 20th, Beijing time, that the White House issued a statement saying that the 2018 fiscal year budget resolution approved by the Senate “paved the way for unleashing the potential of the US economy through tax reforms and tax cuts. It is conducive to simplifying overly complicated tax laws, providing financial support to American households, and enhancing the global competitiveness of US companies.”

Note: Final approval of this budget will open a special process that will allow Republicans to pass subsequent tax law amendments without Democratic support.