Despite years of calling for reducing the federal debt, House Republicans are voting Thursday on a budget that doesn’t balance and that calls for adding $1.5 trillion to the deficit to finance a tax overhaul. And most of them are fine with that.
Why? Primarily because the fiscal 2018 budget resolution is the vehicle needed to set up the fast-track process for rewriting the tax code and not letting Senate Democrats filibuster the bill. But Republicans say they plan to use that same budget reconciliation process again next year to start chipping away at the deficit.