Budget Reconciliation Legislation
In an excerpt, senators debated the Budget Reconciliation Bill, which passed the previous evening by a narrow margin in the House of Represe… read more
In an excerpt, senators debated the Budget Reconciliation Bill, which passed the previous evening by a narrow margin in the House of Representatives. Supporters of the bill emphasized its fairness to Americans of varying income levels and the necessity for taking action to reduce the deficit, while opponents questioned the constitutionality of retroactive tax increases contained in the bill, and said the bill would erode the economy and not reduce the deficit. The Senate later voted to pass the bill in a vote of 51-50. close
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