Rep. Diane Black (R-TN) announces the 2018 budget blueprint during a press conference on Capitol Hill in Washington, U.S., July 18, 2017. (REUTERS/Aaron P. Bernstein/Photo) |
OAN Newsroom
The House is preparing to vote on a budget for the 2018 fiscal year next week.On Thursday, House Budget Committee Chairwoman Diane Black said the new budget is the key for tax reform negotiations moving forward.
With spending deadlines pushed back to December, the budget’s main purpose is to unlock a tool known as reconciliation.
This requires a 51 vote majority to pass a bill instead of 60.
Republicans want to use reconciliation as a means to pass tax reform and bypass a Democratic filibuster in the Senate, which is something Representative Black says is critical for growing the economy.
“We see the economy growing at three, four, five percent…that’s what is going to be meaningful,” Black stated. “Where there is more money in people’s pockets there’s more business growing, and more opportunities for jobs.”
The Tennessee lawmaker believes Republicans have enough votes to pass the resolution.
The Senate Budget Committee is also expected to vote on its budget resolution when it returns from recess next week.
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