Skip to content
Sign up to receive our free weekday morning edition, and you'll never miss a scoop.
Smith said the only way to get a “current policy baseline” through the House would be to maintain the resolution’s $1.5 trillion in spending cuts.

Smith sends Senate GOP warning shots over reconciliation

House Ways and Means Committee Chair Jason Smith (R-Mo.) issued multiple warnings for the Senate GOP over possible changes to the House budget resolution on Wednesday, saying there’s likely only one narrow path to locking in the 2017 tax cuts permanently.

Speaking with former Speaker (and Ways and Means chair, as he loves to note) Paul Ryan at an AEI event, Smith also said the Senate’s “skinny” budget resolution could never pass the House because it doesn’t include tax cuts. Let’s get into the key news from Smith today.

Subscripion logo

You're seeing a preview of our Premium Policy: The Vault financial services and tax policy coverage. Read the full story by subscribing here.

Presented by Verizon

A $5B spend on American small business suppliers over the next 5 years, with faster payment terms, modified insurance requirements and more, making it easier for small businesses to work with Verizon. More on the Small Business Supplier Accelerator.

Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.