In the middle of last night, the U.S. Senate passed the tax conference committee’s agreement (Conference Report for H.R.1) to make large-scale changes to the U.S. tax code by a party line vote of 51-48. Late yesterday, the Senate Parliamentarian ruled that three tax provisions contained in the tax legislation violated certain Senate budget rules, and therefore had to be removed prior to Senate floor consideration. Given these last minute changes, the House of Representatives was required to re-consider the amended tax measure, which has now passed the chamber (224 to 201). The tax legislation is now headed to the President for his signature.
Overall, NTEU remains significantly concerned about the legislation’s impact on the nation’s debt levels that will drive efforts as soon as the new year to cut federal programs that include federal employee benefit programs, Social Security, and Medicare, among others.