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Good morning.

Here’s what you need to know:

The first step to a tax cut.

• Republicans could be on track to approve a tax package by early 2018, with the Senate passing a budget blueprint that would protect a $1.5 trillion tax cut from a Democratic filibuster.

The resolution now goes to the House, which could take it up as soon as next week.

One of our congressional reporters, Thomas Kaplan, says the Senate plan “calls for trillions of dollars in spending cuts over the coming decade. But the cuts exist only on paper, without legislation to achieve them.”

• Drafted behind closed doors, it’s a bill few have seen.