House approves budget resolution, which facilitates tax reform

WASHINGTON – The House of Representatives on Thursday approved the GOP-backed FY 2018 budget resolution, which Republicans are using as a vehicle to enact tax reform legislation.

The lower chamber approved the measure in a 219-206 vote.

No Democrats voted for the resolution. Eighteen Republicans jumped ship and voted against the measure.

The $4.1 trillion budget resolution proposes $1.5 trillion in tax cuts.

Democrats are claiming that the tax cuts will disproportionately benefit the wealthy and increase the deficit by more than $2 trillion.

The budget resolution includes reconciliation instructions so as to enable the Senate to approve tax reform legislation with a simple majority as opposed to 60 votes.

Reconciliation lowers the threshold for breaking a filibuster.

The Senate Budget Committee is continuing its markup of the resolution on Thursday and is expected to vote on the measure following next week’s recess.

This article is republished with permission from Talk Media News