The U.S. Senate approves this law

This legislation focuses on reducing taxes for businesses and high-income individuals, while others are given modest reductions.

This legislation has passed, although a Senate committee has calculated that the budget deficit will increase $1 billion.

For this legislation, which has been prepared under closed doors by republican leaders, no Democrats in the Senate have voted, where the Republicans have a majority of 52 with 48 senators.

This legislation, which should also be adopted in the U.S. House of Representatives before the signing of President Trump, is due to be the first major tax reform in the United States in three decades.

The Democrats have said that with this tax reform, only wealthy taxpayers and big businesses will benefit at the expense of medium-income families, and all of this will increase the budget deficit of the United States.

Under this legislation, corporate tax rates from 35% decrease to 20%, while President Trump says this will result in American companies creating more jobs and investing more within the United States.