Latest version of House tax bill meets budget requirements

The latest version of the House tax bill, passed by the Ways and Means Committee this afternoon, meets Senate deficit requirements, according to a Joint Committee on Taxation report provided by a committee aide. The bill adds about $1.457 trillion to the deficit over the next decade, just shy of the $1.5 trillion limit.

What we're watching: How the Senate will pay for its version of the tax bill, and then which revenue raisers make it into a bill that can ultimately pass both chambers.