Those who've worked in DC for years, as I have, know the difference between a spending and reconciliation bill. It's on Trump for not explaining this better, but Elon Musk is still out of line.
This tells me what a reconciliation bill isn't (sort of), but it doesn't tell me what it is. I still don't know the difference, and all I still know is that the debt will go up.
This tells me what a reconciliation bill isn't (sort of), but it doesn't tell me what it is. I still don't know the difference, and all I still know is that the debt will go up.
Reconciliation is primarily anything that has a tax component, such as EV tax credits, plus entitlements (Medicaid, Medicare, Social Security).