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Home>House takes step toward major tax bill by passing budget resolution

House takes step toward major tax bill by passing budget resolution

House takes step toward major tax bill by passing budget resolution

10/05/2017

By Richard Rubin and Siobhan Hughes

Senate Budget Committee heading toward a vote on its own version later Thursday

The House of Representatives passed a 2018 budget resolution on Thursday, a first step down the path toward a major tax bill.

The chamber voted 219-206 to adopt its version of the budget. All Democrats and 18 Republicans voted against it. The Senate Budget Committee is heading toward a vote on its alternative later on Thursday.

"This is the most conservative budget in 20 years," said Rep. Diane Black (R., Tenn.), who chairs the House Budget Committee. "The vision in there, if we were to follow it, really could change the trajectory of this country."

The budget is particularly important this year because it is the prerequisite to using reconciliation for a major tax bill. That fast-track procedure will enable the Senate to pass a subsequent tax bill on a simple-majority vote rather than needing 60 votes, which would require at least some Democrats voting for the bill.

An expanded version of this story is available at WSJ.com (https://www.wsj.com/articles/house-advances-budget-resolution-in-first-step-toward-major-tax-bill-1507222595?mod=mktw).

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