President Trump’s “big, beautiful” reconciliation bill has stalled on Capitol Hill because of multiple conflicting interests.
The reconciliation process allows some legislation to avoid a Senate filibuster, meaning Republicans can pass it with just 51 votes. Both parties have used it to advance ambitious legislation, especially when they can’t count on the opposition party for support. And President Trump’s “big, beautiful bill” is very ambitious.
It aims to renew the 2017 Trump tax cuts (which expire at the end of this year), eliminate taxes on tips, overtime, and Social Security payments, possibly expand the per child tax credit, cut discretionary spending that ballooned under Joe Biden, and enact a host of other policy initiatives.
However, it all has to be done in relatively strict parameters, and the math is a little tricky, to say the least.