House passes Senate's FY 2018 budget resolution

The House of Representatives today voted 216-212 to approve the Senate’s fiscal 2018 budget resolution, which is designed to provide budget reconciliation protection for a tax code overhaul. Approved by the Senate last week, the resolution would allow up to $1.5 trillion in additional deficits over the coming decade to pay for tax reform and does not require entitlement cuts, unlike the House’s previous deficit-neutral budget plan. The resolution also does not contain reconciliation instructions to repeal the Affordable Care Act.