FIRST AIRED: October 27, 2017

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Transcript

00:00:00
>> On this vote the yeas are 216, the nays are 212, the motion is adopted
CROSSTAL
].>> A surprisingly close vote in the House to fast track President Trump's tax plan, with several of his own Republicans voting no. Reporter Ginger Gibson says the near defeat on the budget bill signals more trouble ahead.
00:00:18
>> The closeness of the House vote on the budget tells us that tax reform is still gonna be a difficult lift for Republicans in Congress. House Speaker Paul Ryan lost a number of key members of his own party on this vote, those that are concerned about what the final tax reform package could look like.
00:00:38
>> Finally to give a tax break to families who have been struggling for so long.>> The Republican-controlled House narrowly overcame the last minute resistance in their own ranks by a vote of 216 to 212, with Democrats solidly against it.>> One of the biggest concerns that Republican members of Congress have is that a overhaul of the tax code could eliminate or reduce the ability of people to deduct their state and local taxes.
00:01:05
And in places with high personal income taxes in their states or high property taxes, this could be a huge blow to their residents' tax bills. If those deductions are gotten rid of, places like New York, New Jersey, Maryland, other high cost New England states, could see their taxes increase instead of decrease.
00:01:26
>> Passing the bill despite the scare means Republicans will be able to pass an eventual tax bill in the narrowly divided Senate with a simple majority, without the help of Democrats. Pushing through tax reform is a major priority for Trump who is still seeking his first legislative win after failing to repeal and replace Obamacare.