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Tax bill clears the Senate, the EU says Uber is a taxi service, and more news

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Tax Reform
The GOP’s $1.5T tax plan cleared the Senate. The bill also passed the House, but due to a procedural snafu the chamber will vote again Wednesday. The Tax Cuts and Jobs Act should reach President Trump’s desk by Republicans’ Christmas deadline.
 
Uber
The European Union’s highest court says Uber is a taxi service. It means the company must comply with tough European transportation rules in up to 28 member states — which could make expansion in the region more complicated and costly. The landmark case could also set a precedent for other gig economy companies.
 
Humana
Insurance company Humana and two private equity firms have agreed to buy Kindred Healthcare. Humana will pay $800M for a 40% stake in a new Kindred at Home unit, which will oversee 40,000 Kindred caregivers. It’s the fourth major health care deal announced this month.
 
Quote
“This is one of the most important pieces of legislation Congress has passed in decades.”
House Speaker Paul Ryan, on the tax bill

Daily Top Headlines: 
Animation: Lucy Clinch 
Script: Katie Carroll, Lorraine K. Lee 
Art: Jacqueline Zaccor 
Producer: Florencia Iriondo

Published in: News & Politics
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