re: Explain to me the new tax increases

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According to the Wiki page, they can use it three times

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Three times, one each for spending, revenue, and federal debt limit.

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.