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ARTICLE · 03 OCTOBER 2024

A Primer On The Budget Reconciliation Process

Mayer Brown
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As we await the outcome of the upcoming US elections, we know that whoever controls the White House and Congress will confront one of the biggest tax debates in US history in 2025.

United StatesGovernment, Public Sector
Jonathan H. Becker
Jonathan H. Becker
Warren S. Payne
Warren S. Payne
Howard W. Waltzman
Howard W. Waltzman
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As we await the outcome of the upcoming US elections, we know that whoever controls the White House and Congress will confront one of the biggest tax debates in US history in 2025.

It is possible that one party wins full control of the White House and both Houses of Congress. When a single party has achieved this full control, they have ready access to a unique legislative mechanism, the budget reconciliation process, that allows them to expedite the consideration of legislation on fiscal policy, e.g., taxes, debt and spending. A key benefit of this expedited process is the ability to avoid the Senate filibuster, which means the bill would require a simple majority vote in the Senate rather than 60 votes.

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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