FY 2018 Budget Resolution Tackles Tax Reform
On October 26, the House passed a fiscal year (FY) 2018 budget resolution, setting spending targets for the fiscal year that began October 1, and establishing reconciliation directives for comprehensive tax reform.
The Senate passed the resolution on October 19, after replacing the original House language with its own. The House accepted the Senate resolution without amendment. Budget resolutions do not become law, and are not signed by the president, so the resolution is now in effect as the FY 2018 concurrent budget resolution.
This Budget Brief highlights major provisions of the resolution in the context of the FY 2018 budget process.