The House Budget Committee released on Feb. 12 a budget blueprint to start the process of passing President Donald Trump’s legislative agenda looking at securing the border, cutting taxes, and helping the U.S. energy sector.
It includes cutting the deficit by $1.5 trillion over a decade, increasing the debt ceiling by $4 trillion, and allowing $4.5 trillion worth of tax cuts.
Reconciliation allows Congress to pass bills related to taxation, spending, and the national debt.
These measures can pass by a simple majority and therefore are not subject to the 60-vote filibuster threshold, which applies to most legislation.
A budget resolution is required in both the House and Senate in order to unlock the reconciliation process….