Understanding Reconciliation for Tax Reform

by Chris Beaulieu | Mar 03, 2017   ()

There has been a slew of reports, discussions, and even flippant use of the term “reconciliation” in the context of tax reform of late. Among those keeping track of Washington tax policy, reconciliation is generally understood as providing a tool that could allow Republicans to pass tax reform this year through a simple majority vote. And while most in Congress would prefer a bipartisan approach to tax reform, there likely will come a point in time when reconciliation presents the only option left for Republicans to achieve tax reform this Congress. Yet while most of the talk about reconciliation focuses on its advantages for Republicans, the disadvantages of its use are often overlooked. Read More

Source: National Law Review

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