10 things you need to know today: December 20, 2017

Republicans push their tax overhaul through the House and Senate, Nikki Haley warns the U.S. is "taking names" in U.N. Jerusalem vote, and more

Mitch McConnell talks to the press after the Senate passes tax reform
(Image credit: BRENDAN SMIALOWSKI/AFP/Getty Images)

1. GOP lawmakers push through their tax overhaul

Republicans pushed their tax overhaul through the House and then the Senate on Tuesday and early Wednesday, putting the GOP on the cusp of their first major legislative victory since taking control of both houses of Congress and the White House this year. The Senate passed it 51-48, with no GOP defections and no Democratic support. The House will have to hold a quick second vote to sign off on minor changes the Senate had to make to keep the legislation within its rules, then the bill will go to President Trump for his signature. The $1.5 trillion plan includes new breaks for businesses and deep cuts in the corporate tax rate. It is projected to lower income tax bills for most households in 2018, with far larger reductions for the wealthy than for middle- and lower-income families. The bill also scraps the individual insurance mandate, a key pillar of the Affordable Care Act.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.