Hold Amazon shares in long-term : Senate approves major tax cuts

The Senate passed the Republican tax reform bill early Saturday in a massive win for the party and President Donald Trump, who has seen many of his agenda items stall in the legislature during his first year in office.

In what would be the largest change to U.S. tax laws since the 1980s, Republicans want to add $1.4 trillion over 10 years to the $20 trillion national debt to finance changes that they say would further boost an already growing economy.

Trump, speaking to reporters as he left the White House for New York hours after the pre-dawn vote, praised the Senate for passing “tremendous tax reform” and said “people are going to be very, very happy”.

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