FILE - In this March 10, 2017 file photo, House Budget Committee Chair Rep. Diane Black, R-Tenn. speaks on Capitol Hill in Washington. House Republicans on Tuesday, July 18, 2017, unveiled a budget that makes deep cuts in food stamps and other social safety net programs while boosting military spending by billions, a blueprint that pleases neither conservatives nor moderates. (AP Photo/J. Scott Applewhite, File)

GOP panel presses ahead on budget plan

July 19, 2017 - 4:43 am

WASHINGTON (AP) — Republicans are pressing ahead with a budget plan designed to help the party to deliver on a GOP-only effort to overhaul the tax code.

The plan before the House Budget Committee on Wednesday also features promises to cut more than $5 trillion from the budget over the coming decade, though Republicans only appear serious about actually enacting a relatively modest $203 billion deficit cut over the same period.

The importance of the effort has been magnified by the cratering in the Senate of the Trump-backed effort to repeal President Barack Obama's health care law, leaving a rewrite of the tax code as the best chance for Trump to score a major legislative win this year.

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