• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

What is reconciliation, the tool Republicans want to use to ‘push the outer limits’ on federal policy?

by November 18, 2024
written by November 18, 2024

Republicans are already making big plans for the 119th Congress, many of which center on using a legislative maneuver called reconciliation. 

GOP leaders have suggested they are planning a mammoth-sized bill to implement President-elect Trump’s tax policies, lower the federal deficit and enact conservative policies early next year.

Reconciliation is a way to fast-track legislation on issues like taxes, the debt limit and federal spending by bypassing the Senate’s 60-vote threshold for passage, instead lowering it to a simple 51-vote majority.

Republicans also accuse Democrats of pushing the boundaries of what’s acceptable in a reconciliation bill, and have signaled they may take a similar path in pushing for stricter border security measures while loosening restrictions on American energy production.

‘Though there are Senate rules limiting what we can fit in budget reconciliation, I want us to be bold and creative so we can include as many reforms in this package as possible,’ House Majority Leader Steve Scalise, R-La., wrote to House Republicans earlier this month.

‘Democrats expanded what is traditionally allowed in reconciliation, and we intend to do the same. Now is the time to go big to advance conservative policies that will make our country prosperous and secure again.’

Generally, reconciliation is only used once per year, and lawmakers usually reserve it for instances where they hold both houses of Congress. 

In recent history, most reconciliation bills have been started in the House of Representatives, where the Constitution dictates tax policy must originate. 

House Budget Committee Chairman Jodey Arrington, R-Texas, whose committee will be at the forefront of crafting the reconciliation bill, told Fox News Digital he is already working with House GOP leaders and his Senate counterparts on the legislation.

‘We’re going to push the outer limits to include as much pro-growth strategy as we can. One of those would be regulatory reform,’ Arrington said. ‘Another one will be border security and immigration reform.’

The third goal Arrington raised was ‘to unravel the chokehold on domestic energy production.’

‘We have H.R. 2, and then we have H.R. 1, the two big legislative priorities for our conference – secure the border and unleash American energy,’ he said.

‘I think the things in there that can be included in reconciliation and pass the Byrd rule. We’re going to be aggressively advancing those policies.’

The ‘Byrd rule’ refers to the Senate parliamentarian weighing a reconciliation bill for what measures are relevant to budgetary and tax policy, and what must be removed.

Democrats wanted to use reconciliation in 2021 to pass progressive immigration policies that would have included granting citizenship to millions of people, including those brought to the U.S. illegally as children.

They also attempted to include a federal $15 minimum wage in a reconciliation bill – a charge led by Sen. Bernie Sanders, I-Vt.

But the parliamentarian ruled against both of those proposals.

It remains to be seen what Republicans will be able to include in their bill next year.

‘We’ve got a lot of work to do, a lot of restoration to do on the fiscal side,’ Arrington said. ‘It’s part pro-growth strategies, and the other is part bending the curve on spending, and especially focused on mandatory spending. And I think there are a lot of straightforward ways to do it, common sense things that the American people from both sides of the political aisle will say are long overdue.’

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Elon Musk’s X Corp. files notice in Alex Jones’ Infowars bankruptcy case
next post
Pentagon bracing for sweeping changes after Trump nominates Pete Hegseth for secretary

related articles

Republican House leader signals plan to begin contempt...

December 13, 2025

Cruz says Rep Ilhan Omar could face jail...

December 13, 2025

House GOP unveils healthcare plan ahead of vote...

December 13, 2025

Preservation group sues Trump administration over White House...

December 12, 2025

Bipartisan push grows in Senate to force release...

December 12, 2025

White House slams House Dems releasing Epstein photos...

December 12, 2025

Waltz hails ‘night-and-day’ Middle East shift as Trump’s...

December 12, 2025

Omar accused by GOP opponent of opening up...

December 12, 2025

Senate mulls next steps after dueling Obamacare fixes...

December 12, 2025

As world fixates on other wars, Sudan sees...

December 12, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Scammers target retirees as major 401(k) rule changes loom for 2026 tax year ahead nationwide

    October 29, 2025
  • ROBERT MAGINNIS: What comes next for US, Russia and Ukraine after Alaska summit

    August 16, 2025
  • House GOP charts roadmap to ‘Make America Healthy Again,’ cites healthcare system impact on ‘national defense’

    January 22, 2025
  • Biden Criticizes Trump Amid Jobless Concerns

    August 16, 2024
  • Cryptocurrencies Prices UK: Market Update for July 2024

    July 22, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (7,058)
  • Investing (684)
  • Stock (963)

Latest Posts

  • House votes to repeal controversial Arctic Frost provision from government shutdown bill

    November 20, 2025
  • Millennials reimagine retirement: ‘The end game might not be … sitting on my Adirondack chair’

    February 4, 2025
  • Short Meta Platforms: Repeated lower highs and bearish divergence signal downtrend potential

    August 9, 2024

Recent Posts

  • The Euro index is losing momentum and retreating today

    August 8, 2024
  • Trump fills latest Cabinet spots as Jan. 20 inauguration nears

    January 11, 2025
  • Expert reveals massive levels of waste DOGE can slash from entitlements, pet projects: ‘A lot of fat’

    February 14, 2025

Editor’s Pick

  • AUDUSD and AUDNZD: AUDUSD remains weak at the support

    July 29, 2024
  • Diet and nutrition experts weigh in on how RFK Jr’s nomination could impact how we eat

    January 6, 2025
  • The euro index recovers while the yen hits a new high

    August 5, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock