The vote was 216-212, with 20 Republicans, including conservatives unhappy about deficits and debt, opposing it. Republicans could lose only 22 votes for it to pass. 

"Big news - Budget just passed!" President Trump tweeted Thursday morning.

The Senate passed the measure last week and the House endorsed it without changes.

"Tax reform will help reignite the American dream," House Speaker Paul Ryan told reporters after the vote. "It will help bring us back to a place of confidence, freedom, happiness and a stronger, healthier economy. And this budget that the House just passed, 20 minutes ago, brings us closer to making that dream a reality."

House Ways and Means Committee Chairman Kevin Brady, R-Texas announced that the text of the tax bill will be released Nov. 1.