American Families Plan

April 28th, 2021, President Biden released more detail on the next round of reform he is planning. As we all know proposed legislation never moves through as actual law without changes. Take these notes for what they are, planned reform versus passed law.

Like the American Recovery Plan bill, the legislative process known as Reconciliation will likely be used in the Senate. Reconciliation allows the senate to pass a bill with a simple majority versus the normal 60 votes required (Avoids the filibuster rule). The Reconciliation process mandates that bills may only contain budget-related provisions, e.g. revenue (taxes), spending (appropriations), and the debt ceiling. At this point these Reconciliation bills are policy reform and is the way a party with a majority less than 60 can pass legislation.

The House of Representatives would also have to support any bill and given the slim majority there as well it is unclear if this plan is feasible. There surely will be months of negotiations going forward.

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Securing Retirement Act

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Paid Leave Tax Credit