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Florida Republican Sen. Marco Rubio, shown in July, had threatened a "no" vote on the bill because he wanted a more generous child tax credit for working families. He said Friday he will vote for the measure. Tasos Katopodis/Getty Images for Kelly Craft hide caption

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Tasos Katopodis/Getty Images for Kelly Craft

Senate Majority Leader Mitch McConnell, R-Ky. (center), gathered the support he needed on Friday to pass the GOP tax bill in the Senate. Now that legislation must be reconciled with the House version. Chip Somodevilla/Getty Images hide caption

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Chip Somodevilla/Getty Images

President Trump greets supporters Wednesday in St. Charles, Mo., before his speech on taxes. Whitney Curtis/Getty Images hide caption

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Whitney Curtis/Getty Images

FACT CHECK: President Trump's Tax Speech In Missouri

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House Speaker Paul Ryan, R-Wis., announces the outlines of a GOP overhaul of the tax code in September. The full bill's release is being delayed to Thursday. J. Scott Applewhite/AP hide caption

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J. Scott Applewhite/AP

House Speaker Paul Ryan answers reporters' questions moments after the House narrowly passed a budget, 216 to 212, beginning a process for the Senate to move forward on an overhaul of the tax code. Chip Somodevilla/Getty Images hide caption

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Chip Somodevilla/Getty Images

Analysts at the nonpartisan Tax Policy Center predict that nearly three-quarters of the savings from the GOP tax overhaul would go to the top 20 percent of earners. Roy Scott/Getty Images hide caption

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Roy Scott/Getty Images

President Donald Trump, flanked by Sen. Heidi Heitkamp, D-N.D., (left) and Sen. Joe Manchin, D-W.Va., speaks during a meeting with senators on his Supreme Court Justice nominee Neil Gorsuch, on Feb. 9, 2017, in the Roosevelt Room of the White House. Evan Vucci/AP hide caption

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Evan Vucci/AP

A statue of former Treasury Secretary Albert Gallatin stands guard outside the Treasury Building in Washington. Trump's campaign plans for a total overhaul of the U.S. tax code — while maintaining the revenues flowing into the federal government — may have missed their chance in Congress. Jacquelyn Martin/AP hide caption

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Jacquelyn Martin/AP

Some Tax-Cut Backers Urge Trump To Drop Full Overhaul, Go For Quick Win

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Donald Trump leaves an elevator at Trump Tower in New York City, just prior to delivering a speech in September that outlined his plan for tax reform. Andrew Burton/Getty Images hide caption

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Andrew Burton/Getty Images

Who Benefits From Donald Trump's Tax Plan?

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An image of President-elect Donald Trump appears Wednesday on a television screen on the floor of the New York Stock Exchange. Business leaders are taking a wait-and-see approach to his administration. Richard Drew/AP hide caption

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Richard Drew/AP

In Economy As In Business, Trumponomics May Mean Building Big Things

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Linda (left) and Colleen Squires have been together for 30 years and married for 12. This year will be the first time they can file both their state and federal taxes as any other married couple. Courtesy of Colleen Squires hide caption

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Courtesy of Colleen Squires

For Same-Sex Married Couples In America, A Historic Tax Day

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The price of getting a health insurance card may seem expensive, but officials say the minimum tax penalty for remaining uninsured is $695, and could rise to more than $10,000 for wealthy families who choose not to get coverage. Photo Alto/Getty Images hide caption

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Photo Alto/Getty Images