By Zach Halaschak | Washington Examiner
House Republicans on the Ways and Means Committee voted their tax legislation out of committee on Wednesday, moving one step closer to enacting a sweeping fiscal bill that would enact much of President Donald Trump’s domestic agenda.
The fate of the bill on the House floor, though, was unclear, as members were still debating deductions for state and local taxes, as well as the amount of spending cuts to be included in the larger legislative package.
The committee voted 26-19 to approve the tax part of the legislation after a marathon markup meeting that lasted more than 17 hours. During the markup, Democrats offered up several amendments that were batted down, but this allowed them to air out criticisms of the tax cuts.
The legislation, which represents the biggest change in tax policy since 2017, includes language extending and making permanent various expiring provisions from the 2017 Tax Cuts and Jobs Act, as well as other Trump priorities, such as eliminating taxes on tips, ending taxes on overtime, and increasing the cap on state and local tax deductions.