![youtube summertime madness youtube summertime madness](https://i.ytimg.com/vi/e8jERmRYPtU/maxresdefault.jpg)
The reconciliation bill is where most of the tax changes will be found. This package focuses more on “individual infrastructure” items, such as education, child care, health care, climate change and much more. This is a spending package of $3.5 to $4 trillion and could swell to $5 trillion if the infrastructure proposal discussed above cannot be agreed to and is added to this reconciliation bill. A confusing process to say the least, and we are not done yet. There is a backup plan to add this infrastructure spending to the separate reconciliation bill. If a final agreement is not passed, the infrastructure spending bill is not doomed.
![youtube summertime madness youtube summertime madness](https://i.ytimg.com/vi/xlxSxe3XXj4/maxresdefault.jpg)
The vote to move forward with the infrastructure plan passed with 67 votes on July 28, but the bill is not final yet – and additional work and votes are planned.Įven if the infrastructure bill passes in the Senate, the House has stated it will not take up the bill unless the separate reconciliation bill (discussed next) also passes in the Senate.
![youtube summertime madness youtube summertime madness](https://i.ytimg.com/vi/iliSQSlgerY/maxresdefault.jpg)
The key with this infrastructure plan is that it requires 60 votes (out of 100) to pass in the Senate.
![youtube summertime madness youtube summertime madness](https://i.ytimg.com/vi/nEBwRlvNr1g/hqdefault.jpg)
To put it in perspective, as it relates to tax legislation, this article provides a snapshot of where we are now as proposed tax legislation slowly moves forward. From picnics and cookouts to parades and water balloons, this summer already looks different than this time last year. It’s summertime, and people are eager to enjoy time spent outside.