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House Adopts Budget, Setting Up Release of Tax Bill Next Week

  • Plan would allow tax cuts boosting deficit by $1.5 trillion
  • Leaders avert last-minute threat over state, local deduction
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Rep. Blackburn Says GOP Tax Bill May Keep SALT Deduction

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House Republicans narrowly adopted a budget resolution Thursday unlocking a fast-track process to achieve their long-sought goal of cutting Americans’ taxes by the end of the year. The next step will be releasing a draft tax measure on Nov. 1.

The 216-212 vote allows Congress to enact tax cuts later that increase the federal deficit by up to $1.5 trillion over 10 years. The bill could pass the Senate with just 50 votes -- plus a tie-breaker from Vice President Mike Pence -- bypassing the need for any Democratic support.