Senate Budget Concept Requires Tax Reform Bill Before Nov. 13

Once the Senate Budget Committee and full Senate approve a budget resolution, the two chambers can resolve differences and pass a joint resolution.
Enzi’s office said the budget proposal “provides a path” to a balanced budget with spending cuts, tax reform and increased economic growth.
A Senate budget proposal sets a Nov. 13 target for a draft bill to broadly chop taxes on individuals and businesses, allowing for $1.5 trillion in tax cuts over a decade.
It would mean the Senate can pass a tax bill with only a majority vote, rather than the 60 votes usually required.
The draft budget resolution for fiscal 2018, released by Senate Republicans on Friday, sets terms for the GOP to overhaul the American tax system through budget reconciliation.

Read more on: