• Reuters

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The U.S. House of Representatives approved a broad package of tax cuts affecting businesses, individuals and families on Thursday, moving Republicans and President Donald Trump an important step closer to the biggest tax code overhaul in a generation.

The largely party-line 227-205 vote shifted the tax debate to the U.S. Senate, where that chamber’s separate plan has already encountered resistance from some Republicans. No decisive Senate action was expected until after next week’s Thanksgiving holiday.

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