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House Passes Budget Blueprint, Clearing Path for Tax Overhaul

Source: https://nytimes.com/2017/10/26/us/politics/house-budget-blueprint-tax-cut.html - Oct 26, 2017

WASHINGTON — The House on Thursday sounded the starting gun on legislative efforts to cut taxes by as much as $1.5 trillion over the coming decade, narrowly clearing a budget blueprint that will allow a tax bill to pass Congress without any Democratic votes.

But the 216-212 vote hinted at how difficult actually legislating a tax overhaul could be. The budget measure cleared Congress over the loud protests of House members from high-tax states like New York, New Jersey and California, who worry that the blueprint will doom the current deduction for state and local taxes — a deduction of great importance to taxpayers in their states.

Twenty Republicans voted against it, 11 of them from New York and New Jersey.

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Category: General Business