Republican-controlled House paves way for US tax cuts but there is work to be done
Washington — The US House of Representatives helped pave the way on Thursday for deep tax cuts sought by President Donald Trump and Republican leaders, but barely overcame a revolt within party ranks that could foreshadow trouble ahead. The Republican-controlled House voted 216-212 to pass a budget blueprint for the 2018 fiscal year. The measure will enable the tax legislation, due to be introduced next week, to win congressional approval without any Democratic votes. But House Republican leaders came within two votes of failure. Democrats were unified in their opposition, and 20 Republicans voted against the bill, many expressing disapproval of a provision that would repeal an income tax deduction for state and local taxes. Discord is also looming over a potential provision to scale back a popular tax-deferred US retirement savings programme known as a 401(k). Both those provisions are aimed at offsetting revenue losses that would result from the planned sweeping tax cuts, particul...
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