Friends of Manufacturing

House Adopts Budget, Setting Up Release of Tax Bill Next Week

|

House Republicans narrowly adopted a budget resolution Thursday unlocking a fast-track process to achieve their long-sought goal of cutting Americans’ taxes by the end of the year. The next step will be releasing a draft tax measure on Nov. 1.

The 216-212 vote allows Congress to enact tax cuts later that increase the federal deficit by up to $1.5 trillion over 10 years. The bill could pass the Senate with just 50 votes -- plus a tie-breaker from Vice President Mike Pence -- bypassing the need for any Democratic support.

Full Article and Video

Back