Going to the House

The House is set to vote on the budget deal today, and it is expected to be very close.

 

The House is expected to vote today on a budget deal already that has passed by the Senate. If the budget deal passes, it could set the table for tax reform to be done by the end of the year. If it doesn’t, one of the President’s top priorities could be stopped in its tracks. The President is looking for a win here, but the issue will be getting enough Republicans to sign on. Some won’t like the impact a tax cut deal will have on the budget deficit, and GOP members from high tax states like California and New York don’t like the idea of shelving a deduction for state and local taxes to help fund the cuts.