The Latest: Trump relishes likelihood of tax cut passage

WASHINGTON (AP) " The Latest on the push in Congress to pass a sweeping tax cut bill (all times local):

6:40 a.m.

President Donald Trump is hailing the performance of the stock market as the House and Senate brace for votes that majority Republicans are confident will produce the most far-reaching overhaul of the U.S. tax code in decades.

In an early morning tweet Tuesday, Trump savors what would be his biggest legislative accomplishment as president, and says "DOW RISES 5000 POINTS ON THE YEAR FOR THE FIRST TIME EVER " MAKE AMERICA GREAT AGAIN!"

He also says, "Stocks and the economy have a long way to go after the Tax Cut Bill is totally understood and appreciated in scope and size."

The president adds, "Immediate expensing will have a big impact. Biggest Tax Cuts and Reform EVER passed. Enjoy. And create many beautiful JOBS!"

___

3:55 a.m.

Their long-sought political goal within grasp, Republicans in Congress are set to catapult sweeping $1.5 trillion tax legislation through the House, rolling over a dozen GOP defectors from high-tax states.

The Republicans' final drive to deliver the tax package to an eager President Donald Trump begins Tuesday with a vote in the House. Quickly following, a vote later in the day or on Wednesday in the Senate is expected to seal the deal. Both tallies likely will cling along party lines.

The Senate result was in doubt in recent weeks. Only on Friday did Republican leaders cement the needed support for the legislation, securing endorsements from wavering GOP senators Marco Rubio of Florida and Bob Corker of Tennessee. More holdout GOP senators" moderate Susan Collins of Maine and Mike Lee of Utah " came into the fold on Monday.

Tuesday

The Associated Press

WASHINGTON (AP) " The Latest on the push in Congress to pass a sweeping tax cut bill (all times local):

6:40 a.m.

President Donald Trump is hailing the performance of the stock market as the House and Senate brace for votes that majority Republicans are confident will produce the most far-reaching overhaul of the U.S. tax code in decades.

In an early morning tweet Tuesday, Trump savors what would be his biggest legislative accomplishment as president, and says "DOW RISES 5000 POINTS ON THE YEAR FOR THE FIRST TIME EVER " MAKE AMERICA GREAT AGAIN!"

He also says, "Stocks and the economy have a long way to go after the Tax Cut Bill is totally understood and appreciated in scope and size."

The president adds, "Immediate expensing will have a big impact. Biggest Tax Cuts and Reform EVER passed. Enjoy. And create many beautiful JOBS!"

___

3:55 a.m.

Their long-sought political goal within grasp, Republicans in Congress are set to catapult sweeping $1.5 trillion tax legislation through the House, rolling over a dozen GOP defectors from high-tax states.

The Republicans' final drive to deliver the tax package to an eager President Donald Trump begins Tuesday with a vote in the House. Quickly following, a vote later in the day or on Wednesday in the Senate is expected to seal the deal. Both tallies likely will cling along party lines.

The Senate result was in doubt in recent weeks. Only on Friday did Republican leaders cement the needed support for the legislation, securing endorsements from wavering GOP senators Marco Rubio of Florida and Bob Corker of Tennessee. More holdout GOP senators" moderate Susan Collins of Maine and Mike Lee of Utah " came into the fold on Monday.

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