Business

House to take up Senate budget on Thursday

by Niv Elis - 10/23/17 10:53 AM ET

The House is expected to vote on the Senate-amended 2018 budget resolution on Thursday, according to a leadership aide, moving ahead the Trump administration’s tax reform efforts.

The budget will allow Republicans to pass tax legislation through a special process called reconcilation, which only requires 51 votes in the Senate instead of the usual 60.

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While the House passed its own budget resolution earlier in the month, it is now expected to take up the version the Senate approved last week. The Senate resolution allowed for $1.5 trillion in deficit-financed tax cuts, and did not include $203 billion in mandatory spending cuts the House labored to include.

House conservatives last week agreed to forego a push on the spending cuts in order to expedite tax reform, asking that a bill be passed by Thanksgiving.

The Republican Study Committee (RSC), a caucus of conservative Republicans in the House, held out until Saturday on endorsing the move.

“The RSC Steering Committee reached our decision to support the Senate Budget Resolution based on the premise of beginning markup of tax reform legislation within a couple of weeks,” said RSC Chairman Rep. Mark Walker (R-N.C.).

Tags Tax reform United States federal budget