Many Changes Still Coming to Budget Reconciliation Bill

Punchbowl News: “We dug into this a bit in the morning, but we expect lots of changes to the House bill. The SALT provision — hard fought by Rep. Josh Gottheimer (D-NJ) and other Northeastern moderates — could become less generous in the Senate and tied directly to income levels. Immigration provisions may not survive the Byrd Rule. The expansion of Medicare to cover hearing programs may be gone or curbed significantly. Manchin has raised objections to the family and medical leave provision approved by the House. The tax changes in this current House bill — a new surtax on high earners, for instance — could be dramatically revised.”

“There will be a furious lobbying blitz by those companies, industries and trade groups that didn’t get what they want in the House bill to fix that in the Senate.”