Update: Bloomberg, NBC, Associated Press and the Wall Street Journal are reporting that the House will likely have to vote again on the tax bill it just approved. The issue is seen as a procedural hiccup, rather than anything that could jeopardize the legislation’s passage: see "McCarthy says House will have to vote again"
The House of Representatives passed by a 227-203 vote Tuesday H.R. 1, the Tax Cuts and Jobs Act.
The final GOP tax bill now moves to the Senate, where a vote is expected later in the day. President Donald Trump is expected to sign the legislation into law as soon as Wednesday.
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Melanie Waddell
Melanie is senior editor and Washington bureau chief of ThinkAdvisor. Her ThinkAdvisor coverage zeros in on how politics, policy, legislation and regulations affect the investment advisory space. Melanie’s coverage has been cited in various lawmakers’ reports, letters and bills, and in the Labor Department’s fiduciary rule in 2024. In 2019, Melanie received an Honorable Mention, Range of Work by a Single Author award from @Folio. Melanie joined Investment Advisor magazine as New York bureau chief in 2000. She has been a columnist since 2002. She started her career in Washington in 1994, covering financial issues at American Banker. Since 1997, Melanie has been covering investment-related issues, holding senior editorial positions at American Banker publications in both Washington and New York. Briefly, she was content chief for Internet Capital Group’s EFinancialWorld in New York and wrote freelance articles for Institutional Investor. Melanie holds a bachelor’s degree in English from Towson University. She interned at The Baltimore Sun and its suburban edition.
