A last-minute assurance on a critical tax deduction and the promise of a future vote on fiscal restraint will help ensure House passage of a budget resolution on Thursday, which could put the GOP in a position to pass tax reform this year.
Republican leaders late Wednesday appeared confident they will pass the Senate's $4 trillion budget resolution. The spending blueprint has significant differences from a plan authored by the House, but it includes room for a $1.5 trillion tax cut that Republicans are desperate to advance as part of a legislative tax overhaul.
Passing the budget gives Republicans a chance to pass related tax legislation that can advance and pass in the Senate with just 51 votes, instead of 60. That makes passing the budget a critical first step for tax reform.
"There are four or five different factions still trying to get there, but I do expect it to pass," Rep. Mark Walker, chairman of the Republican Study Committee, told the Washington Examiner.
The faction led by Walker, R-N.C., includes 170 Republican lawmakers, a majority of the House Republican Conference, and the group supports the budget.
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05.01.2025