10 things you need to know today: December 14, 2017

Republicans reach a deal on taxes, Minnesota's governor taps Lt. Gov. Tina Smith to replace Franken in Senate, and more

Mitch McConnell talks with reporters on Capitol Hill
(Image credit: Al Drago/Getty Images)

1. Republicans reach a deal on taxes

Congressional Republicans on Wednesday reached a deal to reconcile the House and Senate versions of the GOP tax overhaul. The joint bill would expand tax cuts for the richest Americans, while giving big tax cuts to corporations and smaller ones for the middle class and low-income families. The legislation also would end ObamaCare's insurance mandate, a significant step toward realizing the GOP goal of dismantling the Affordable Care Act. "The cynical voices that opposed tax cuts grow smaller and weaker, and the American people grow stronger," President Trump said at the White House. Democrats called for Republicans to hold off the vote until Senator-elect Doug Jones, who upset Roy Moore in Alabama's special election, is seated, probably in January. His victory cut the GOP's Senate majority to one seat.

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