Putting the Reconciliation Resolution in Context-2025-03-11
“For context, a $2.8 trillion reconciliation bill – with nearly all the borrowing between 2026 and 2034 – would:
- Equal more than all spending programs except for the Social Security retirement program, Medicare, Medicaid, net interest, veterans’ and defense spending.
- Equal two times as much as Medicare Part D, almost three times as much as the Child Tax Credit and Earned Income Tax Credit, and five times as much as foreign aid from USAID and the State Department.
- Add more to the deficit than any legislation enacted in the past decade, including 50 percent more than the American Rescue Plan Act, twice as much as the original Tax Cuts and Jobs Act, and seven times as much as the bipartisan infrastructure law”