Sentences with phrase «budget reconciliation»

Budget reconciliation is a process used by governments to make changes to their budget without being blocked or delayed by opponents. It allows them to adjust spending, taxes, and other financial matters more easily. This process helps the government meet its financial goals and can sometimes lead to contentious debates between different political parties. Full definition
The rule is that up to two bills a year can be passed via budget reconciliation.
Opponents of drilling in the coastal plain point to the very vehicle in which Congress is trying to open it up — through the special budget reconciliation process that requires just 51 votes in the Senate — as evidence that through traditional channels they still do not have the political will to drill in the Arctic refuge.
Because some sections of the Affordable Care Act do not have such a fiscal effect, it may be difficult to use budget reconciliation as a tool for repeal of those sections.
Republicans are attempting to pass the bill, the Tax Cuts and Jobs Act (TCJA), through the process known as budget reconciliation.
GOP Senate leaders are moving the bill through budget reconciliation, which would require a simple - majority vote to pass, but Republicans control only 52 seats.
Also, Ryan said, any bill dealing with Social Security can't go through the process of budget reconciliation, which allows a bill to pass the chamber with a simple majority.
This is the same strategy then - President George W. Bush used to pass his tax cuts under budget reconciliation in 2001, essentially getting around the Byrd deficit restriction by making the tax cuts temporary.
The Byrd rule was adopted to prevent Congress from using budget reconciliation for «extraneous» provisions (more on that in a minute).
@PoloHoleSet: I've modified the title to make it more clear that I'm talking about the Senate's budget reconciliation rules, not the House / Senate bill reconciliation process.
The clock ran out on budget reconciliation for 2017 on September 30, and with it, the possibility of repealing the ACA with a simple majority in the Senate.
House Republicans hope to move a fiscal 2018 budget resolution when they return in September that would allow them to move forward with a tax overhaul using the fast - track budget reconciliation procedure.
Assisted supervisor with end of year budget reconciliation.
That's just one reason why the «defund» provision should not be included in the Senate budget reconciliation bill.
CONSOLIDATED OMNIBUS BUDGET RECONCILIATION ACT (COBRA) An act that allows workers and their families to continue their employer - sponsored health insurance for a certain amount of time after terminating employment.
Reconciliation and Dodd - Frank: The Basics Budget reconciliation, used to reduce the U.S. deficit, is a multi-step process in both chambers of Congress.
(The agencies have incorporated that expectation in all estimates for legislative proposals related to the mandate that they have prepared after the 2017 budget reconciliation process ended in September.)
Not only could such a gift to businesses be looked down upon by American voters, but it would also complicate the GOP's plan to pass tax legislation through budget reconciliation, a process that requires only a simple majority in the Senate but brings with it limitations on adding to the deficit beyond the span of a decade.
Failure to pass the legislation using budget reconciliation would complicate prospects for the GOP to roll back the ACA, the landmark healthcare law known as Obamacare.
The Senate must pass the Graham - Cassidy healthcare bill by September 30 under budget reconciliation, the process that would allow it to pass with a simple majority.
Republicans are using a process known as budget reconciliation to pass the bill without being subject to a Democratic filibuster.
The GOP healthcare bill being moved through the process of budget reconciliation, meaning it only needed a simply majority vote and was not subject to the filibuster.
Policymakers have passed 20 budget reconciliation bills since they first used the procedure in 1980.
Through the budget reconciliation process — which would avoid a drawn - out fight and filibuster by Democrats — Republicans can adjust only parts of the law that have to do with the federal government's finances.
The Senate this week is expected to pass a fiscal 2018 budget resolution, a step toward unlocking the budget reconciliation process.
The president and the AHCA's supporters in Congress claim that they can not eliminate the mandates under the constraints of «budget reconciliation» procedures required to pass the bill in the Senate.
Congressional Republicans are attempting to pass their tax legislation using the budget reconciliation process.
That would mean the bill could not qualify for budget reconciliation, the process that Republicans are trying to use to pass it.
So to pass the tax plan using budget reconciliation, which allows the GOP to avoid a Democratic filibuster in the Senate, the plan has to fit in that $ 1.5 trillion hole.
Republicans want to use a procedure known as budget reconciliation to pass eventual tax legislation, which allows passage with a simple majority in the 100 - seat Senate.
Notwithstanding the fact that a complete repeal is unlikely due to Senate filibuster rules that would require 60 Senate votes to pass, Republicans could use the budget reconciliation process to immediately remove key revenue provisions of the law, including Medicaid expansion funding, the unpopular Cadillac tax on high - cost coverage, and the penalties for either not having or not offering health insurance, known as the individual and employer mandates, respectively.
Republicans are using what's called «budget reconciliation» to pass their health care bill with a bare majority of 50 votes and avoid a Democratic filibuster.
The ability for Republicans to use the budget reconciliation process, which allows them to bypass Democratic filibuster threats, runs out on September 30.
Under the Senate's «budget reconciliation» rules, the tax legislation can increase the federal deficit by $ 1.5 trillion over the next 10 years — and not a dollar more.
Senators can't pass legislation that increases the long - run (traditionally defined as 10 - plus years into the future) deficit through the budget reconciliation process, a process that enables senators to evade the filibuster and pass bills with only 51 votes (or 50 plus Vice President Mike Pence).
Republicans could try to use the budget reconciliation process, which requires only a simply majority in the Senate, to make changes to Dodd - Frank regulations that affect federal spending and taxes.
But Senate traditionalists refused to nix the legislative filibuster, and so Republicans turned to «budget reconciliation» — a process designed for spending and revenue bills that requires only 51 votes to move a bill — to repeal and replace the health care law.
Another consideration (not directly tax related) is that budget reconciliation can be used only to pass provisions that have a fiscal effect on the Federal budget — in other words, impact revenues or spending.
With a slim majority in the Senate, the party chose to use «budget reconciliation» — a process that allows a bill to pass with only 50 votes (plus Vice President Mike Pence) but comes with restrictions that make it less than ideal for complex policymaking — to pass their plan.
Republicans have suggested using the budget reconciliation process to push legislation through Congress, and one of the requirements of budget reconciliation is that a super-majority is required to approve provisions that lose revenue for the government beyond the budget window, which is normally 10 years.
The tax reform bill they are pushing through the Senate will live and die by a complicated rule — known as the «Byrd Rule,» a condition of the «budget reconciliation» process that allows Republicans to pass legislation with only 51 votes in the Senate.
In their budget reconciliation instructions, Republicans allow for this bill to carve a $ 1.5 trillion hole in the deficit over the first 10 years.
The budget reconciliation process begins with the passage of a concurrent budget resolution in both chambers of Congress that includes reconciliation instructions.
This tactic would not work in a budget reconciliation bill because it would violate the Byrd Rule (because waiver itself does not produce a change in outlays or revenues).
This matters, because under Senate rules, tax legislation that passes with only a simple majority of votes (under what is often referred to as «budget reconciliation») can not increase the deficit in any year after the 10 - year budget period or the legislation expires.
Additionally, the Committee is responsible for holding hearings on the economy, budget reconciliation, and oversight in monitoring government agency performance.
Second there are numerous types of votes that require simple majority such as budget reconciliation
a b c d e f g h i j k l m n o p q r s t u v w x y z