Find a list of your saved stories here

The Latest: House panel approves GOP fiscal plan


Save Story

Save stories to read later


Estimated read time: 1-2 minutes

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

WASHINGTON (AP) — The Latest on the House Republican budget plan (all times local):

10:30 p.m.

A key House panel has approved a Republican fiscal plan that probably won't deliver on its promises to balance the budget but would begin to clear a path for a GOP effort to overhaul the tax code this fall.

The Budget Committee approved the measure by a 22-14 vote that broke along party lines. The plan proposes deep cuts to safety net programs like Medicaid and food stamps — though Republicans would only try to deliver on a small fraction of the cuts.

Instead, to most Republicans on Capitol Hill, the most important element of the plan is the procedural pathway it would clear to allow Republicans to pass their top priority — an overhaul of the tax code — this year without fear of a blockade by Senate Democrats.

___

7:30 p.m.

A GOP-controlled House panel is working into the night on a Republican fiscal plan that probably won't deliver on its promises to balance the budget, but would begin to clear a path for a GOP effort to overhaul the tax code this fall.

The plan proposes deep cuts to safety net programs like Medicaid and food stamps and reprises a controversial Medicare plan strongly opposed by President Donald Trump — though Republicans plan to try to deliver on a small fraction of the cuts.

The most important element of the plan is the procedural pathway it would clear to allow Republicans to pass their top priority — an overhaul of the tax code — later this year without fear of a blockade by Senate Democrats.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast