Podcast overview
In light of prospective federal election results, the budget reconciliation procedure—allowing simple Senate majority versus a super majority to pass legislation—appears to be the most likely path to enact portions of the Biden tax plan in 2021 (assuming Democrats gain the Senate majority). This is especially true with the now seemingly unlikely repeal of the filibuster (listen to Catching Up on Capitol Hill Episode 05-2020).
John Gimigliano, Jen Acuna, and Tom Stout discuss the budget reconciliation rules, process, and limitations, how a reconciliation bill was used to pass the TCJA in 2017 and the ACA in 2010, and how it could be used going forward to enact new legislation in the coming year.
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