House approves budget resolution, which facilitates tax reform

House approves budget resolution, which facilitates tax reform

U.S. Capitol in Washington, D.C. (Gage Skidmore/ Flickr)

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.

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