5 • 3.8K Ratings
🗓️ 29 June 2025
⏱️ 10 minutes
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0:00.0 | June 28, 2025. |
0:09.0 | Last night, just before midnight, Republicans released their new version of the Omnibus Reconciliation Bill. |
0:17.0 | It's a sign of just how unpopular this bill is that they release the new version just before midnight on a Friday night, a time that is the graveyard of news stories. |
0:28.6 | Over the course of today, the contours of the revised measure have become clearer. |
0:33.6 | Democratic challenges and the Senate parliamentarian convinced Republican senators to remove policy provisions from the bill that were either especially incendiary or did not meet the rules for budget reconciliation bills. Those challenges preserved the Consumer Financial Protection Board, limited a rule that prevented states |
0:54.4 | from regulating artificial intelligence, |
0:56.8 | prevented the selling off of public lands, |
0:59.4 | eliminated vouchers for religious schools, and so on. |
1:03.6 | Despite these changes, |
1:05.1 | the final measure retains its original structure. |
1:09.5 | That structure tells us a lot about the world today's Republican lawmakers |
1:13.7 | in vision. The centerpiece of the bill remains its extension of the 2017 tax cuts for wealthy |
1:21.0 | Americans and corporations, making those tax cuts permanent. The tax structure in the measure funnels wealth from the poorest |
1:29.3 | Americans to the top 1%. According to Alyssa Fowers and Hannah Dormito of the Washington Post, |
1:37.3 | the Senate slashed the apparent cost of the bill by using a new method to calculate the numbers. |
1:43.3 | Under the traditional way of estimating the cost of a bill, |
1:46.0 | the new measure would add $4.2 trillion to the national debt. |
1:52.0 | But using the gimmick of ignoring the tax extensions |
1:55.0 | by saying they are simply a continuation of policies already in place, |
1:59.0 | the Senate claims the bill will cost $442 billion, |
2:03.9 | just a tenth of what the nonpartisan Congressional Budget Office calculates. |
2:08.8 | According to Immigration Scholar Aaron Reiklin-Mellnick, the measure also provides an additional |
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