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

Monica C. Meinert is deputy editor of the ABA Banking Journal and editorial director at the American Bankers Association, where she oversees ABA Daily Newsbytes.