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re: Explain to me the new tax increases
Posted on 4/1/21 at 12:17 pm to loumiz
Posted on 4/1/21 at 12:17 pm to loumiz
quote:
They’ve actually passed two bills using reconciliation already. The used reconciliation to pass the Paycheck Protection Program extension.
EDIT: I was wrong about this.
According to the Wiki page, they can use it three times, BUT....
quote:
Congress can thus pass a maximum of three reconciliation bills per year, though in practice it has often passed a single reconciliation bill affecting both spending and revenue
Reconciliation
Maybe I "misremembered" what I've read and they've already used it 3 times? But I do remember the article saying they were appealing to the Parliamentarian to try and pass this massive f*cking fraudulent payoff through reconciliation.
This post was edited on 4/1/21 at 12:21 pm
2
Posted on 4/1/21 at 12:28 pm to MMauler
quote:Three times, one each for spending, revenue, and federal debt limit.
According to the Wiki page, they can use it three times
Typically though there isn't a spending bill without increased revenue to support it, so you pass one bill that contains both and you have effectively used both the spending reconciliation and the revenue reconciliation at one time.
ETA...I think this is what Schumer is trying to get around. Either that or saying that one bill is retroactive to FY2020 and the next is current, for FY2021.
This post was edited on 4/1/21 at 12:30 pm
Posted on 4/1/21 at 4:38 pm to MMauler
Yeah, I corrected my post because I couldn’t find a source, but I definitely remember hearing about them using it again for the PPP extension.
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