GOP sketches speeding tax bill, but hurdles abound

Budget Reconciliation, Explained

Republicans plan to leverage a complicated legislative process to speed enactment of President-elect Donald Trump’s tax agenda without support from Democrats. But that’s not without challenges.

Sometimes referred to as a fast-track procedure, budget reconciliation nevertheless comes with pitfalls. There are limits to the types of changes that can be made, and party infighting can derail the process if individual provisions are in dispute.

“There will be a big debate on the numbers,” Rep. Adrian Smith (R-Neb.) said at a recent Bloomberg Government event. Read More

Planning has been ongoing for months, even as committees ...