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Vice President Mike Pence walks through the Capitol to the House Chamber to watch the passage of the Republican tax bill. Photo: J. Scott Applewhite / AP

For history ... 12:47 a.m.: "WASHINGTON (AP) — Senate passes 1st major rewrite of US tax code in 31 years, setting stage for final House vote on Wednesday."

Being there, per AP: "[T]he Senate narrowly passed the legislation on a party-line 51-48 vote. Protesters interrupted with chants of 'kill the bill, don't kill us' and Vice President Mike Pence repeatedly called for order. Upon passage, Republicans cheered, with Treasury Secretary Steve Mnuchin among them."

  • Just before 2:30 p.m., the House had passed the bill 227-203. But three provisions "violated Senate rules, forcing the Senate to vote to strip them out. So the massive bill was hauled back across the Capitol for the House to vote again [today], and Republicans have a chance to celebrate again."
  • Senate: "Voting yes were 0 Democrats and 51 Republicans. Voting no were 46 Democrats, 0 Republicans and 2 independents."
  • House: "Voting yes were 0 Democrats and 227 Republicans. Voting no were 191 Democrats and 12 Republicans. ... There are 3 vacancies."
  • House Majority Whip Steve Scalise says House Appropriations Chair Rodney Frelinghuysen (R-N.J.) should retain his position even though he voted against the GOP tax overhaul.

What happens next: "80 percent of the country will pay lower taxes next year. But the short-term gains come with a cost: The legislation also makes the country's debt problem even worse," the WashPost's Heather Long writes:

  • Why it happened: "The GOP decided to cut taxes without offsetting spending cuts, driving up the deficit."
  • Why it matters: That likely will force "policymakers in coming years to make difficult decisions about spending cuts, tax increases or both."
  • "The debate could touch on some of the most value-laden questions facing the nation — what type of financial security to provide the elderly, what safety net services should be offered to the poor, and how much the government should try to shrink economic inequality."

How it's playing ... N.Y. Times 2-column lead, "URGENCY IN G.O.P. PUSHING TAX BILL TO THE FINISH LINE: Victory for Trump, Donors and Party — Skepticism in Polls and Analyses" ... WashPost 2-column lead, "Despite hitch, tax overhaul is all but done."

Go deeper

Giuliani associate Lev Parnas convicted of campaign finance crimes

Lev Parnas, a former associate of then-President Donald Trump’s personal lawyer Rudy Giuliani. Photo: Stefani Reynolds/Bloomberg via Getty Images

Florida businessman Lev Parnas was convicted Friday on charges of conspiracy to make foreign contributions to political campaigns, Politico reports.

Why it matters: Prosecutors said Parnas, then an associate of former President Donald Trump's personal lawyer Rudy Giuliani, funneled over $150,000 from a Russian businessman into U.S. campaigns as part of an effort to land licenses in the U.S.'s legal cannabis industry.

Editor's note: This story is developing and will be updated.

Supreme Court agrees to hear challenges to Texas abortion law

Photo: Saul Loeb/AFP via Getty Images

The Supreme Court on Friday agreed to hear two cases challenging Texas' abortion law, which bans the procedure as soon as six weeks into pregnancy, but left the law in place in the meantime.

Why it matters: The court is moving extraordinarily fast on the Texas cases, compressing into just a few days a process that normally takes months. And that schedule means the court will take up Texas' ban a month before it hears another major abortion case — a challenge to Mississippi's own 2018 ban on abortions after 15 weeks.

Officials warn 5 key tech sectors will determine whether China overtakes U.S.

Illustration: Aïda Amer/Axios

U.S. intelligence officials responsible for protecting advanced technologies have narrowed their focus to five key sectors: artificial intelligence, quantum computing, biotechnology, semiconductors and autonomous systems.

Why it matters: China and Russia are employing a variety of legal and illegal methods to undermine and overtake U.S. dominance in these critical industries, officials warned in a new paper. Their success will determine "whether America remains the world’s leading superpower or is eclipsed by strategic competitors."

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