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1 big thing: Republicans get their tax cuts

Tax reform passed the House of Representatives today, getting one step closer to President Trump's desk.

Why it matters: This is a huge legislative win for Republicans after a tough 2017 that included multiple failed efforts to repeal and replace the Affordable Care Act.

Quick hits from the NYT:

  • Paul Ryan "called the vote 'a turning point' saying 'this is our chance, this is our moment.' When the bill passed the House, a giddy Mr. Ryan smiled broadly and banged the gavel with force as he declared victory."
  • "Passage of the bill came over the strenuous objections of Democrats... Twelve House Republicans also voted no on the bill, including lawmakers from high-tax states like New York, New Jersey and California."
  • "Republicans in Congress moved with remarkable speed to enact the biggest tax overhaul since 1986, unveiling legislation to rewrite the tax code, marshaling support for their effort and devising a compromise between the House and Senate in under two months."

What's next: The Senate, where it's expected to pass even without the vote of Sen. John McCain, who's back in Arizona recovering from his latest round of chemo. (And a second vote in the House tomorrow because of procedural hiccup.)

2. What you missed
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  6. Trump v. Obama deportation numbers, the latest Axios video. Watch.
3. 1 thing to watch

Sen. Pat Leahy (D-Vt.) said in a statement that he regrets calling on Sen. Al Franken to resign over sexual misconduct allegations;

"I have stood for due process throughout my years as a prosecutor and in chairing the Judiciary Committee... I regret not doing that this time."