Budget passes House--tax cuts more likely

There is some rare good news out of Washington today.

From Reuters:

The U.S. House of Representatives took a step on Thursday to pave the way for deep tax cuts sought by President Donald Trump and Republican leaders, barely overcoming a revolt within party ranks that could foreshadow trouble ahead for the tax overhaul.

The Republican-controlled House voted 216-212 to pass a budget blueprint for the 2018 fiscal year. The measure will enable the tax legislation, expected to be made public next week, to win congressional approval without any Democratic votes.

But House Republican leaders came within two votes of failure. Democrats were unified in their opposition, and 20 Republicans also voted against the bill, many to express disapproval of a provision in Trump’s tax plan outline that would repeal an income tax deduction for state and local taxes.

That last one needs to go--even though in the short term it will hurt me personally. When Blue State leftists raise local taxes their refrain always includes "But you can deduct these taxes on your federal returns."