Washington • Overhauling the U.S. tax code has been one of Sen. Orrin Hatch’s top goals for decades, and now the effort seems on the cusp of becoming law before year’s end, a big win for the powerful Utah Republican who saw the bill through the Senate and earned kudos from President Donald Trump.
Hatch, chairman of the Senate Finance Committee, which oversees tax policy, took a victory lap after the Senate pushed through a measure early Saturday that would lower the corporate rate, restructure tax brackets and jettison some loopholes.
- The Senate version takes away penalties for Americans who don’t buy insurance as mandated by the Affordable Care Act; the House doesn’t.