U.S. House clears path for tax bill with budget approval
Reuters
Published Oct 26, 2017 11:12AM ET
U.S. House clears path for tax bill with budget approval
WASHINGTON (Reuters) - The U.S. House of Representatives voted on Thursday to clear a procedural path forward for a Republican tax bill, which was still being written and was expected to be unveiled next week as President Donald Trump seeks his first major legislative achievement.
Overcoming last-minute resistance from lawmakers in their own ranks, House Republicans approved a fiscal 2018 budget measure that would make enactment of an eventual tax bill easier in the Senate, though many difficult decisions lie ahead.
Passage of the budget resolution was a win for party leaders and Trump, who promised in their 2016 election campaigns to revamp the tax code. The plan they have offered for doing that is opposed by Democrats as a give-away to the wealthy and corporations.
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Written By: Reuters
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