clear
Sunday November 19th, 2017 1:03PM
8:34AM ( 4 hours ago ) Weather Alert

The Latest: White House praises GOP budget passage by House

By The Associated Press
Related Articles
  Contact Editor

WASHINGTON (AP) — The Latest on the GOP budget plan in the House (all times local):

12:10 p.m.

The White House is praising the House passage of a budget as a necessary step for a tax overhaul.

Spokeswoman Sarah Huckabee Sanders says in a statement the vote "sets the stage" to give economic relief to Americans in the form of tax cuts and tax reform.

President Donald Trump has made a rewrite of the nation's tax code his top legislative priority. The tax bill is the top item on the GOP agenda. It would be Trump's first major win in Congress — and, Republicans hope, a much-needed boost for the party's political fortunes in next year's midterm elections.

___

11:20 a.m.

President Donald Trump is praising the passage of a $4 trillion Republican budget in the House of Representatives.

Trump says on Twitter Thursday: "Big news - Budget just passed!"

The House narrowly passed a budget in a 216-212 vote. The move is a major step forward for the GOP tax overhaul effort, which is the president's top legislative priority.

The vote will let the tax cut move through Congress without fear of blocking tactics by Democrats

Trump and Republican lawmakers argue that a rewrite of the tax code will jump-start the economy.

___

11 a.m.

The House has narrowly passed a $4 trillion budget that clears a key hurdle toward President Donald Trump's goal of cutting taxes.

The 216-212 vote allows Republicans to begin work on a $1.5 trillion tax cut and move it through Congress without fear of blocking tactics by Democrats. The tax bill is the top item on the GOP agenda and would be Trump's first major win in Congress.

GOP leaders overcame opposition from House conservatives unhappy about deficits and debt and lawmakers from high-tax states such as New York and New Jersey, who are upset about plans to curb the state and local tax deduction.

The Senate passed the measure last week and the House endorsed it without changes to move quickly to the tax measure.

___

3:13 a.m.

House Republicans are focusing squarely on tax cuts rather than deficit discipline as they look to shoehorn a GOP budget plan through the House.

Passage of the $4 trillion measure would pave the way for Republicans controlling Washington to pass a 10-year, $1.5 trillion tax cut measure later this year.

But GOP leaders were scrambling to overcome pockets of resistance to the measure from hard-right Republicans unhappy about deficits and lawmakers from New York and New Jersey who fear the subsequent tax bill would take away a deduction for state and local taxes that's especially valuable to their constituents.

Ways and Means Committee Chairman Kevin Brady says he'll schedule a panel debate and vote once the budget plan is safely passed.

The Senate passed the measure last week.

  • Associated Categories: Associated Press (AP), AP Online Headlines - Washington, AP Online Congress News, AP Business, AP Business - Economy, AP Business - Personal Finance
© Copyright 2017 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
The Latest: White House praises GOP budget passage by House
The White House is praising the House passage of a budget as a necessary step for a tax overhaul
12:15PM ( 5 minutes ago )
Union Pacific's 3Q profit grows 6 percent despite challenges
Union Pacific delivered a 6 percent improvement in third-quarter profit even though it hauled 1 percent less freight and dealt with disruptions from Hurricane Harvey
11:58AM ( 22 minutes ago )
Ford's net income jumps in 3Q on truck sales
Ford's net income up 63 percent in 3Q as high-profit trucks make up for lower overall sales
11:57AM ( 23 minutes ago )
Associated Press (AP)
New JFK files not expected to answer if Oswald acted alone
Whatever details are released from long-secret JFK assassination-era files, they're not expected to answer the major question of whether anyone other than Lee Harvey Oswald was involved in the assassination
11:35AM ( 45 minutes ago )
The Latest: Catalan leader nixes election to end standoff
The leader of Spain's secession-minded Catalonia region says he has decided against calling a parliamentary election that might have defused tension with the Spanish government
11:20AM ( 59 minutes ago )
House passes $4T budget in step forward for Trump tax plan
Republican leaders are scrambling to overcome pockets of resistance in order to muscle through a GOP budget plan
11:04AM ( 1 hour ago )
AP Online Headlines - Washington
House GOP moves to pass budget, start tax debate
Republican leaders are scrambling to overcome pockets of resistance in order to muscle through a GOP budget plan
10:05AM ( 2 hours ago )
Blast in Ukraine capital wounds lawmaker, kills bodyguard
Ukraine's Interior Ministry says that an explosion in the capital has killed two people and wounded five others including a member of parliament
9:49AM ( 2 hours ago )
Tennessee's Corker doubles down on his criticism of Trump
Taking on a crowd of jeering union workers, standing up to a charismatic Democratic opponent on his home turf or lecturing upper management of one of the world's largest corporations, Tennessee Sen. Bob Corker has rarely backed down from a fight
9:11AM ( 3 hours ago )
AP Online Congress News
Pope calls space, takes small step for Vatican-Russian ties
Pope Francis has taken a small step in improving Vatican-Russian relations by chatting with Russian cosmonauts and praised their understanding of love during a telephone call with the International Space Station
11:35AM ( 45 minutes ago )
US 30-year mortgage rates rise to 3.94 percent
US 30-year mortgage rates rise to 3.94 percent, higher than a year ago but still below historic average
10:57AM ( 1 hour ago )
European Central Bank to reduce stimulus _ but slowly
The European Central Bank will ease the pace of its bond-buying stimulus program _ dialing back a measure that has helped the eurozone economy recover from a debt crisis that threatened to break up the bloc
10:49AM ( 1 hour ago )
AP Business
European Central Bank unveils plan to ease off stimulus
The European Central Bank will ease the pace of its bond-buying stimulus program _ dialing back a measure that has helped the eurozone economy recover from a debt crisis that threatened to break up the bloc
10:07AM ( 2 hours ago )
Applications for US jobless aid up modestly from 44-year low
Applications for US unemployment benefits increased last week from 44-year low
8:41AM ( 3 hours ago )
The Latest: ECB head says economy still needs support
European Central Bank President Mario Draghi says that "an amply degree of monetary stimulus remains necessary" in the economy of the 19-country eurozone
8:41AM ( 3 hours ago )
AP Business - Economy
Trump, GOP at odds over using 401(k)s to pay for tax cuts
Trump, GOP at odds over using 401(k)s to pay for tax cuts
9:05PM ( 15 hours ago )
Study: ACA silver plan premiums up average of 34 percent
Analysis: Premiums for the most popular health plans under the Affordable Care Act are going up by an average 34 percent next year
5:42PM ( 18 hours ago )
Trump, House GOP at odds over changes to 401(k) plans
The head of the House tax-writing panel isn't ruling out changes to the 401(k) retirement program to raise revenue for tax cuts
2:49PM ( 21 hours ago )
AP Business - Personal Finance
Union Pacific's 3Q profit grows 6 percent despite challenges
Union Pacific delivered a 6 percent improvement in third-quarter profit even though it hauled 1 percent less freight and dealt with disruptions from Hurricane Harvey
11:58AM ( 22 minutes ago )
Ford's net income jumps in 3Q on truck sales
Ford's net income up 63 percent in 3Q as high-profit trucks make up for lower overall sales
11:57AM ( 23 minutes ago )
APNewsBreak: Georgia election server wiped after suit filed
APNewsBreak: Georgia election server wiped clean by custodians shortly after lawsuit filed against officials
11:46AM ( 34 minutes ago )
Lindsey Graham, Cory Booker testify to Menendez's honesty
Sens. Lindsey Graham and Cory Booker are testifying for Democratic Sen. Bob Menendez at his bribery trial
11:38AM ( 42 minutes ago )
Girardi pushed out by Yankees after 10 seasons as manager
Joe Girardi's tenure as New York Yankees manager ended after a decade that produced just one World Series title.
11:38AM ( 42 minutes ago )