US House clears path for tax bill with budget approval

By REUTERS
October 26, 2017 18:08
Breaking news

Breaking news. (photo credit: JPOST STAFF)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

WASHINGTON - The US House of Representatives voted on Thursday to clear a procedural path forward for a Republican tax bill, which was still being written and was expected to be unveiled next week as President Donald Trump seeks his first major legislative achievement.

Overcoming last-minute resistance from lawmakers in their own ranks, House Republicans approved a fiscal 2018 budget measure that would make enactment of an eventual tax bill easier in the Senate, though many difficult decisions lie ahead.

Passage of the budget resolution was a win for party leaders and Trump, who promised in their 2016 election campaigns to revamp the tax code. The plan they have offered for doing that is opposed by Democrats as a give-away to the wealthy and corporations.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
October 23, 2018
Iran says Saudis targets IRGC to distract the world from Khashoggi

By REUTERS