The chairman of the House Freedom Caucus posted on social media his satisfaction with today’s vote in the House to approve the Tax Cuts and Jobs Act, 227-203, a significant reworking of the federal tax code and the eighth largest tax cut in U.S. history.

“The Senate will pass the bill later this evening, and following that, it will go to the President’s desk as soon as tonight,” said Rep. Mark R. Meadows (R.-N.C.).

The bill before both chambers is the compromise crafted by the conference committee made up of delegates from the House and the Senate, who were tasked with reconciling the differences between the bills each chamber had previously passed. The conference committee has the authority to write a completely new bill from scratch, unless the conferees have specific instructions from their chamber.

Today, we're giving the American people their money back. We're making American businesses more competitive. And we’re finally igniting the kind of economic growth that every American deserves.

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Today is a momentous day for our country.

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— Mark Meadows (@RepMarkMeadows) December 19, 2017

Once each chamber passes the conference-produced bill, it is sent to the president.

Meadows said the victory of President Donald J. Trump’s tax bill is a promise kept to the American people.

“The forgotten men and women of our country voted to elect President Trump and a Republican Congress to fix our broken tax code that taxes Americans too highly, ships their jobs overseas, and directly undermines the fundamental principles that make America great,” he said.

“All of that changes today,” the congressman said.

“We’re giving the American people their money back. We’re making the country more competitive for job creation and wage growth. And we’re igniting the kind of economic growth that every American deserves,” he said. “Business as usual is over.”