Senate Finance Committee chairman Sen. Orrin Hatch, R-Utah, left, and Ways and Means chairman Rep. Kevin Brady, R-Texas, have steered a tax bill that would be the the first major tax overhaul in 30 years. (Photo By Tom Williams/CQ Roll Call)
Republicans late Friday unveiled their final plan to overhaul the tax code, a sweeping measure that aims to lower taxes on businesses and individuals, open up parts of Alaska to oil drilling and roll back a key piece of the 2010 health care law.
The massive measure is likely to pass both chambers early next week. Momentum for the landmark package grew throughout the day Friday, capped off with a surprise announcement from Sen. Bob Corker, R-Tenn., that he would back the final bill after opposing a previous version.