The House is gearing up to vote on the 2018 budget resolution after gaining the support needed following the release of the GOP’s tax reform framework Wednesday.
House Majority Leader Kevin McCarthy said Wednesday he plans to bring the bill, which includes reconciliation instructions for tax reform, to the floor next week, allowing committees to start the process of crafting the bill.
“We’re going to get it done next week,” he told The Daily Caller News Foundation, adding he’s confident the lawmakers will be able to pass the legislation.”Yes – that’s why, getting the budget done next week builds that momentum even.”
Members of the House Freedom Caucus (HFC) previously said they would not support a budget without specifics on tax reform, but the consensus document appears to have provided enough detail to satisfy the group of powerful conservatives.
“Yeah, I feel really good about it. I mean it’s a broad framework with enough details that allow us to open the gate to move forward,” HFC Chairman Mark Meadows of North Carolina told reporters. “It’s aggressive enough, you know there were talks that we were all going to end up with the corporate rate and 27 percent, a pass-through rate at 32 or 33 percent — this sets the upper limits of that at 20 and 25 which we fully support.”
House Ways and Means Committee Chairman Kevin Brady of Texas said members are prepping to deliver a bill to “the president’s desk by the end of the year.”
“We will take that framework from today, the Ways and Means Committee, and continue to work on the final designs of this to make sure we have it ready when the budget is signed sealed and delivered,” he told reporters.
Senate Republican Conference Chairman John Thune said he’s hopeful the upper chamber can still adhere to their 2017 deadline to overhaul the tax code.
“I think we’re headed in the right direction, it’s off to a great start. I just want to make sure we finish the job and the committees will have a lot of work ahead of them — Finance and Ways and Means — then we’ll get a whack at on the floor and we need to get an outcome,” Thune told TheDCNF. “I think there is a commitment, we need to deliver it this year and the House and Senate are on board with that, the president’s on board, and I think there is a sense of urgency about this that this is something that we need to get done for the American people.”
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