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Tax Overhaul in Doubt

House GOP stuck on budget disagreements.

By Sahil Kapur and Erik Wasson, Bloomberg | Updated on July 27, 2017

The House is set to leave for its August recess without having taken the first essential step to overhauling the U.S. tax code: agreeing on a 2018 budget resolution.

Disputes among House Republicans over spending levels and the controversial border-adjusted tax proposal are preventing Speaker Paul Ryan from winning enough support to schedule a floor vote on the budget that a House panel approved last week. With House members planning to leave Washington Friday for a five-week recess, the lack of a budget is raising doubts that a tax rewrite—one of President Donald Trump’s top priorities—can be accomplished this year, or even before the 2018 elections.

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