President Trump and GOP House Speaker Paul D. Ryan (Wis.) won a major victory as the House passed the tax bill Thursday, the central piece of the Republican plan to boost the U.S. economy. No Democrats voted for the bill. Ryan could lose 22 GOP votes, but in the end, he only lost 13.

The legislation would affect every American household and business owner. The bill was first introduced Nov. 2 and was voted on just two weeks later, leaving little time for analysis or debate on the 440-page legislation. The next step is for the Senate to pass its version and then for both chambers to reconcile their substantial differences. Read More…