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House, Senate prepare to reconcile tax overhaul bills

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House and Senate lawmakers said they will begin reconciling their tax overhaul legislation on Monday, the next step in completing the compromise legislation.

The Senate approved its tax plan early Saturday in a 51-49 vote. The House passed its version Nov. 15. The two competing bills must now be unified, or reconciled, to make them identical. The final bill will then go to the House and Senate again for votes, before it is delivered to President Donald Trump for his signature.

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