Marketplace All-in-One The current reconciliation bill will raise the deficit. Could it pass anyway?
Jun 20, 2025
Budget reconciliation takes center stage as hosts analyze its potential impact on student debt, health care, and the national deficit. They discuss the contentious AI regulation ban sparking GOP divisions, highlighting unexpected regrets among Republicans. The intricate dynamics of the reconciliation bill are unpacked, featuring insights into how it could affect nonprofit funding and energy tax credits. Listener interaction adds to the lively debates, all while preparing for next week's exploration of over-tourism.
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Episode notes
Reconciliation Bills and Deficits
- Budget reconciliation was originally meant to be budget neutral, not increasing deficits.
- However, recent reconciliation bills have often increased deficits, reflecting evolving political strategies.
AI Regulation Ban Controversy
- The bill proposes a 10-year ban on state AI regulation to spur innovation.
- Opponents argue this infringes on states' rights and raises federalism concerns.
Controversial Budget Baseline Use
- Cost estimates of the reconciliation bill vary widely depending on baseline assumptions.
- Using a "current policy baseline" may mask true costs and is seen as a budget gimmick by many.
