GOP moves step closer to major tax overhaul as panel passes budget resolution

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After hours of consideration, the House Budget Committee passed a budget resolution on Thursday night that would allow Republicans to begin the process of legislating a massive major fiscal overhaul that includes tax cuts.

The Budget Committee voted 21-16 to pass the resolution after a marathon markup that stretched 12 hours. Republicans were threading a needle with the resolution, given some Republican lawmakers’ demands for deeper spending cuts and concerns from some centrist members about the depth of cuts to major programs like Medicaid.

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