10 things you need to know today: December 2, 2017

Senate passes biggest tax overhaul in 30 years, Michael Flynn pleads guilty to lying to the FBI, and more

Mitch McConnell
(Image credit: Alex Wong/Getty Images)

1. Senate passes biggest tax overhaul in 30 years

Senate Republicans passed their tax overhaul plan along party lines in the wee hours of Saturday morning. The vote was 51-49, with Sen. Bob Corker (R-Tenn.) the lone dissenting Republican. The bill would slash the corporate tax rate, abolish the estate tax, effectively cut individual rates for high earners, and close or reduce several loopholes and tax breaks. Republican holdouts and deficit hawks came around on the legislation in the final hours before the vote, even after the congressional Joint Committee on Taxation found the plan would add $1 trillion to the federal deficit. The vote marks a significant victory for the GOP, which has struggled this year to pass major legislation.

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Bonnie Kristian

Bonnie Kristian was a deputy editor and acting editor-in-chief of TheWeek.com. She is a columnist at Christianity Today and author of Untrustworthy: The Knowledge Crisis Breaking Our Brains, Polluting Our Politics, and Corrupting Christian Community (forthcoming 2022) and A Flexible Faith: Rethinking What It Means to Follow Jesus Today (2018). Her writing has also appeared at Time Magazine, CNN, USA Today, Newsweek, the Los Angeles Times, and The American Conservative, among other outlets.