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With the House's vote Thursday to approve the Senate's budget proposal, the framework for tax reform through reconciliation has been locked into place for President Donald Trump and Republicans in Congress.

And while that legislative progress is a major step toward the GOP's desired tax overhaul, at this point it is still just a step in the right direction. Lawmakers still need to iron out the specifics of a tax reform framework that could divide Republicans on issues like revenue neutrality and state and local tax deductibility.

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