Reuters: U.S.

Thursday, October 26, 2017

Breaking News: House adopts Senate budget, takes step toward tax reform

 
 
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House adopts Senate budget, takes step toward tax reform
House Republicans on Thursday narrowly adopted the Senate’s version of the 2018 budget resolution, overcoming a key hurdle for the party’s tax reform plan.

The budget will allow Republicans to pass a tax overhaul that adds up to $1.5 trillion to the deficit through a process known as reconciliation, which only requires 51 votes to pass in the Senate.

Twenty Republicans voted against the budget in the 216-212 vote, more than the 18 who voted against the original House version earlier this month.
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