- Created: Thursday, 26 October 2017 17:30
- Written by Laura Proescholdt
There's been a flurry of activity in both chambers of Congress, with implications for housing and community development. Here's what's been happening with the budget, and other news from the nation's capital, as reported by Libby Murphy, MHP's Deputy Policy Director.
Congress Eyes Tax Reform
Last month, the Senate passed a $4 trillion budget blueprint that provides for $1.5 trillion in tax reform. The House narrowly backed the Senate’s the resolution, which calls for more than $600 billion in cuts to non-discretionary programs over the next 10 years. A budget resolution is non-binding, so Congress will still need to pass an appropriations bill or pass another Continuing Resolution by early December. But the resolution also clears the path for Congress to fast track tax reform legislation with only a simple majority rather than the usual 60 votes required to overcome a filibuster.