A central aspect of the U.S. Senate's “Byrd Rule” is biased against tax relief, and it needs to be tossed out.
With the battle over repealing ObamaCare, we've heard a good deal this year about “budget reconciliation.” What is this arcane federal budget term? Quite simply, budget reconciliation means that the U.S. House of Representatives and the Senate hammer out, in effect, a budget outline that provides marching orders for various House committees dealing with the budget. Eventually, an omnibus budget bill is voted on. Budget reconciliation operates under expedited procedures, including being subject to only a majority vote in the Senate, that is, no filibuster.
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