House Passes $3.8 Trillion in Tax Cuts

While the U.S. watches Brett Kavanaugh, the House passes a bill with $3.8 trillion more in tax cuts.

The down-to-the-wire 2017 tax act passed in late December contained a mix of permanent and temporary changes that had to result in a net increased cost that fell within a structural limit of $1.5 trillion that allowed the Senate to approve the bill with a simple majority. 

Without special rules in place, the Senate would vote under normal procedures, which can require 60 senators’ votes to pass a bill that is heavily opposed.