House Passes Budget, Clearing the Way for Tax Reform

The House of Representatives approved the Senate version of the 2018 federal budget by a narrow margin (216-212).  The budget will allow for tax legislation that could add up to $1.5 trillion to the federal deficit over 10 years, and will clear the path for Congress to fast-track tax reform legislation.  House Republicans are expected to unveil the text of their tax bill next week.

Read more: Budget narrowly passes House, a key step in tax reform


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