House Approves Budget Bill, Clearing Way for Tax Reform

The House today by a vote of 216 to 212 approved the Senate’s 2018 budget resolution, effectively clearing the way for Congress to continue working on tax reform. Today’s action will allow a tax reform bill to pass through the Senate with a simple majority vote, rather than a 60-member majority. The House is expected to release draft language of the bill next week.


About Author

Monica C. Meinert is a senior editor at the ABA Banking Journal and VP for editorial strategy at the American Bankers Association, where she oversees ABA Daily Newsbytes.