U.S. House Republican 2018 budget ties tax reform to spending cuts

WASHINGTON (Reuters) – Republicans in the U.S. House of Representatives released a fiscal 2018 budget plan on Tuesday that could pose a major new political test for President Donald Trump’s legislative agenda by combining tax reform with controversial spending cuts.

The $4 trillion blueprint would allow an overhaul of the U.S. tax code to pass Congress without support from Democrats, along with a partial repeal of the 2010 Dodd-Frank Wall Street reform law and $203 billion in savings from mandatory federal programs including food stamps over the next decade.

Those changes and others would be combined in a single piece of legislation.

Source: U.S. House Republican 2018 budget ties tax reform to spending cuts

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