House panel passes tax portion of GOP budget bill

The bill goes to the House Budget Committee next, which will combine all portions of the budget legislation into a package before it goes to the House floor.

By Natalia Mittelstadt

Published: May 14, 2025 12:24pm

The House Ways and Means Committee early Wednesday morning passed the tax portion of Republicans' budget bill.

The legislation passed the committee in a party-line 26-19 vote after an hours-long meeting with heated debate and Democratic-led amendments that were rejected, according to The Hill newspaper.

The bill now goes to the House Budget Committee, which will combine all parts of the budget legislation into a package before it goes to the House floor.

“The American people that this bill was crafted for may not have an army of D.C. lobbyists to defend them, but they do have us and they do have President Trump, and that’s why we’re here — to fight for the working men and women who built this country,” House Ways and Means Committee Chairman Jason Smith, R-Mo., said at a press conference on Tuesday before the markup.

“Failure is not an option through this process. ‘America First’ is what President Trump promised, and that’s what this committee will deliver in the one big, beautiful bill.”

The budget bill includes several provisions, including the 2017 income tax rates permanent, implementing no tax on tips or overtime through 2028, and temporarily increasing the child tax credit.