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Paul Ryan earlier this summer. Photo: Andrew Harnik / AP

The House passed the Senate's budget resolution by a vote of 216-212 this morning, paving the way for the GOP's tax plan over the coming weeks.

What's next: Paul Ryan has promised a blazing fast timeline for passing a Republican tax plan, hoping to get it done by Thanksgiving — but promising earlier this month that he'd keep the House in session through Christmas if necessary.

Republicans voting no: The GOP lost 20 representatives on the vote — with a large portion from high-tax states. They're concerned about the tax plan's removal of the state and local tax deduction, which would disproportionately affect their constituents.

And President Trump chimed on via his favorite medium, Twitter:

Go deeper

Updated 1 min ago - Health

U.K. first nation to clear Pfizer coronavirus vaccine for mass rollout

A health care worker during the phase 3 COVID-19 vaccine trial by the Pfizer and BioNTech in Ankara, Turkey, in October. Photo: Dogukan Keskinkilic/Anadolu Agency via Getty Images

The United Kingdom's government announced Wednesday it's approved Pfizer-BioNTech's COVID-19 vaccine, which "will be made available across the U.K. from next week."

Why it matters: The U.K. has beaten the U.S. to become the first Western country to give emergency approval for a vaccine found to be 95% effective with no serious side effects against a virus that's killed nearly 1.5 million people globally.

2 hours ago - World

NYT: Biden won't immediately remove U.S. tariffs on China

President-elect Joe Biden during an event in Wilmington, Delaware, on Tuesday. Photo: Alex Wong/Getty Images

President Trump's 25% tariffs imposed on China under the phase one trade deal will remain in place at the start of the new administration, President-elect Biden said in an interview with the New York Times published early Wednesday.

Details: "I'm not going to make any immediate moves, and the same applies to the tariffs," Biden said. He plans to conduct a full review of the current U.S. policy on China and speak with key allies in Asia and Europe to "develop a coherent strategy," he said.

Trump threatens to veto Defense spending bill over social media shield

Photo: Erin Schaff - Pool/Getty Images

President Trump tweeted Tuesday a threat to veto a must-pass end-of-year $740 billion bill defense-spending authorization bill unless Congress repeals a federal law that protects social media sites from legal liability.

Why it matters: Trump's attempt to get Congress to end the tech industry protections under Section 230 of the Communications Decency Act is the latest escalation in his war on tech giants over what he and some other Republicans perceive as bias against conservatives.

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