The Daily Punch How the Senate can make reconciliation deadline
Jun 9, 2025
The Senate is racing against a July 4 reconciliation deadline, with tax policies and Medicaid taking center stage amid fierce partisan disputes. Meanwhile, President Trump's deployment of National Guard troops ignites a significant political brawl. The episode also dives into Elon Musk's controversial role at Doge and the skepticism from K Street leaders regarding his influence in Washington.
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Urgent Senate Legislative Deadlines
- The Senate must release its finance committee's legislative text this week to meet the July 4th reconciliation deadline.
- Key issues like the SALT cap and clean energy tax credits must be resolved promptly to avoid delays.
Understanding the July 4th Deadline
- The July 4th deadline for reconciliation is self-imposed to allow members to attend recess activities.
- The actual debt ceiling deadline is in August, giving some flexibility.
SALT Issue Divides Lawmakers
- The SALT cap poses major negotiation challenges with House and Senate Republicans disagreeing on adjustments.
- Senate Republicans want to reduce the $40,000 cap while the SALT caucus in the House opposes lowering it.