The Reconciliation Rulebook | Michael D. Tanner | Cato Institute: Commentary

The Reconciliation Rulebook | Michael D. Tanner | Cato Institute: Commentary: "Reconciliation was established in 1974 to make it easier for Congress to adjust taxes and spending in order to 'reconcile' actual revenues and expenditures with a previously approved budget resolution. Thus, at the end of the year, if Congress found that it was running a budget deficit higher than previously projected, it could quickly raise taxes or cut spending to bring the budget back into line. Debate on such measures was abbreviated to just 20 hours (an eyeblink in Senate terms), and there could be no filibuster."