House passes 2018 budget, taking a crucial step toward tax overhaul
Source: The Washington Post
By Mike DeBonis October 5 at 11:49 AM
House Republicans passed crucial budget legislation Thursday, setting aside months of intraparty squabbles to set the stage for an ambitious tax bill they are planning to pass without Democratic help.
The House budget resolution includes major spending cuts demanded by the party’s conservative wing, but the party’s focus is now on passing a tax bill that could add as much as $1.5 trillion to the budget deficit. Special procedures set out in the legislation would ultimately allow Republicans to pass the bill over a potential Democratic filibuster in the Senate.
“Our budget specifically paves the way for pro-growth tax reform that will reduce taxes for middle class Americans and free up American businesses to grow and hire,” House Budget Committee Chairman Diane Black (R-Tenn.) said during floor debate.
The Senate is proceeding on a separate track toward passing its own budget, which will have to be reconciled with the House version in the coming weeks. The Senate Budget Committee was poised to finish work Thursday on a resolution more squarely focused on the tax legislation than the House version.
Read more: https://www.washingtonpost.com/powerpost/house-passes-2018-budget-taking-a-crucial-step-toward-tax-overhaul/2017/10/05/5ea7294e-a9d1-11e7-850e-2bdd1236be5d_story.html
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