CNBC reports:
The House on Thursday narrowly approved a Senate version of the 2018 federal budget, clearing the way for the GOP-controlled Senate to pass a massive set of tax cuts later this year.
By passing the Senate version of the budget, House Republicans kick-started the reconciliation process, a window during which the Senate can pass legislation with only a simple majority, instead of the 60 vote supermajority typically needed to end debate and move a bill to a vote.
Yet signs of the fight looming on Capitol Hill over how to pay for the $1.5 trillion in tax cuts were already visible Thursday, when a number of Republicans from states with high state taxes voted against the budget bill.
Close but still a win for @POTUS as House passes budget resolution 216-212 clearing path for approving tax cut bill by simple majority.
— Mark Knoller (@markknoller) October 26, 2017
House narrowly passes budget, paving way for $1.5 trillion tax cut https://t.co/hyr2eQoHc0
— Washington Post (@washingtonpost) October 26, 2017
BREAKING: House votes & one step closer to giant tax cut targeting wealthy.
ALSO BROKEN: No one lifting a finger on CHIP.
— Andy Slavitt (@ASlavitt) October 26, 2017