Senate Adopts Budget, Advances Tax Reform

Washington — This evening, the Senate adopted the the Fiscal Year 2018 Budget Resolution (H. Con. Res. 71), which contains reconciliation instructions for a $1.5 trillion revenue reduction. Heritage Action released the following statement from chief executive officer Michael A. Needham:

“Heritage Action applauds the 51 Senate Republicans who voted to approve the budget.  It marks yet another critical step forward in the decades-long effort to reform our nation’s stagnant and convoluted tax code. This once in a generation opportunity to unleash economic growth, create jobs and increase wages cannot be squandered.”