Speed Reads

Budget debate

House Republicans negotiate budget bill, aim for early November tax reform

After the Senate on Thursday approved the GOP budget plan 51-49, House Republicans are considering whether to pass the Senate version as-is to accelerate their tax reform agenda. "There's a very clear possibility that the House clears this next week," House Ways and Means Committee Chairman Kevin Brady (R-Texas) said of the Senate legislation Friday.

The conservative House Freedom Caucus on Friday agreed to back the Senate bill if House Speaker Paul Ryan (R-Wis.) will first pledge to schedule a floor vote on taxes by the second week in November. Ryan has said he intends to complete tax reform by "early November," but many on the Hill consider that schedule deeply unrealistic.

President Trump addressed the situation on Twitter Friday and Saturday, decrying Democratic opposition, complaining of inadequate media coverage, and promising historic tax cuts soon. "Budget that just passed is a really big deal, especially in terms of what will be the biggest tax cut in U.S. history," he wrote Saturday morning. "MSM barely covered!"