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The House Just Passed A Budget Bill That Will Make Tax Reform Easier

Republicans in the House of Representatives approved a 2018 budget that allows Congress to add $1.5 trillion to the deficit.

The House Just Passed A Budget Bill That Will Make Tax Reform Easier
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Ryan Biek
By Ryan Biek
SMS
Posted: 12:01 p.m. EDT Oct 26, 2017

The House of Representatives passed a budget bill Thursday that will make it much easier for Republicans in the Senate to pass tax reform.

Republicans in the Senate had already passed a 2018 budget that would let Congress add $1.5 trillion to the deficit over the next decade to make up for tax cuts.

The House has now approved the same budget by a vote of 216 to 212. 

A Dollar-Sized Breakdown Of How Your Tax Dollars Were Spent Last Year
A Dollar-Sized Breakdown Of How Your Tax Dollars Were Spent Last Year

A Dollar-Sized Breakdown Of How Your Tax Dollars Were Spent Last Year

The federal budget is usually talked about in millions, billions or trillions. We broke it down to a more relatable scale.

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Again, tax cuts are the endgame for Republicans. The Senate budget bill for 2018 was structured in a way that will now let the GOP get its tax reform plan through the Senate with just a simple majority vote. 

Republicans hold 52 seats in the Senate.