-- House Republicans narrowly approved the Senate-passed budget resolution Thursday, clearing a procedural hurdle and allowing the House of Representatives to take up a tax overhaul.
The president applauded the House for "fulfilling its obligation to the American people" in passing the budget and said he looks forward to "further cooperation with Congress," according to a statement from the White House.
"This resolution sets the stage for Congress to put America first by providing economic relief for the American people in the form of tax cuts and tax reform," the statement read.
House Democratic leader Nancy Pelosi bashed the bill as a "massive con."
While the nonbinding $4 trillion budget plan would add $1.5 trillion to the deficit over the next decade, all but the most strident deficit hawks voted for the measure, abandoning GOP orthodoxy for their once-in-a-generation effort to rewrite the tax code using reconciliation, which allows for a simple majority vote in the Senate, in lieu of the usual 60-vote threshold, for passage.
After their failed efforts to repeal and replace the Affordable Care Act this year, political considerations also trumped longstanding policy concerns for some members of the party.
Republicans will release the details of their tax plan next week, and hope to send the measure to the Senate by Thanksgiving.
GOP tax writers still have a number of issues to resolve before releasing the proposal, including any changes to the state and local tax deductions, and potential changes to 401 (k) plans, despite President Trump's pledge not to touch retirement savings accounts.
House Speaker Paul Ryan, R-Wisc., declined to weigh in on the debate between Trump and GOP tax writers, who argue that changes to retirement savings accounts are needed to help pay for the proposed tax cuts.
"I agree with comprehensive tax reform and giving the committee the latitude they need," Ryan told reporters Thursday.