US House of Representatives approved the tax reform bill

The Republican-controlled US House of Representatives approved the tax reform bill by sending a voting bill to the Senate. The biggest change in the US tax system over the last 30 years could be given to President Donald Trump's signature if both Houses of Congress approve it.
The bill passed in the House of Representatives with 227 votes in favor versus 203 against, overcoming the united opposition of the Democrats and the 12 Republicans, who voted against it.
The plan includes serious tax cuts for corporations and rich taxpayers, as well as temporary tax cuts for some citizens and families.
It revokes part of Obamacare's health system and allows oil extraction at the Alaska National Wildlife Reserve.
The average-income households will get tax cuts by an average of 900 USD next year, while the richest 1% of Americans will receive an average reduction of 51,000 USD, according to the Center for Tax Policy.
The republicans insist that the package will boost the economy and job growth. They believe the measure is key to preserving their majority in the House and Senate in next November's election.
Democrats say the bill will deepen the income gap between poor and wealthy Americans. The reform is expected to cut federal taxes on companies and income taxes to 1.5 trillion USD since 2018. dollar for the next 10 years.