The House Of Representatives Took A Major Step Towards Enacting A Massive Tax Cut

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The House Of Representatives Took A Major Step Towards Enacting A Massive Tax Cut
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Meanwhile, the House of Representatives took a big step forward on enacting a massive $1.5 trillion-dollar tax cut, which will stimulate the already strong growth expected in the economy. The House narrowly voted to approve a budget resolution that paves the way for an increase of $80 billion in the deficit for the year ending September 30, 2018 to $746 billion. The budget measure making way for the tax cut was passed by the House on Thursday, despite 20 Republicans voting against it with Democrats, by a 212 to 216 vote .

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