Sen. Thom Tillis (R-NC) said that a July 4th target for the passage of a reconciliation bill is not likely while speaking with reporters on Tuesday.
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00:00On reconciliation, is July 4th, is that something that's realistic for
00:05you guys at that point, and what are the big hurdles?
00:07I just can't imagine we get it done by that.
00:09I mean, I'm not a chair, so you may want to talk to the chairs.
00:12There's a lot of moving parts.
00:14I don't even think we're at a point now to where we're trying to play out the
00:17instructions in each of the committees.
00:19And are you saying July 4th to send a bill to the president or
00:22to actually send it to the president?
00:24Yes, that's what, yes.
00:26Well, sounds like a great aspirational target, but based on,
00:31I've been gone for two weeks, but based on my understanding of the progress,
00:35I think that'd be a, that's a steep hill.
00:37What are the biggest hurdles that you guys are going to try to work through to get that?
00:42Well, you know, it's a couple of things.
00:43One is still agreeing, and we've been talking about this for several months.
00:46It's on the contours of what goes beyond TCJA.
00:51Some of us have expressed concerns about doing the non-pro growth policies
00:55when we have the challenge of trying to hit a $1.5 to $2 trillion target for cuts.
01:00And the non-pro growth policies are about $1.5 trillion additional work
01:05to get to that net $1.5 to $2 trillion.
01:08So all of those are still open.
01:10I'm not aware of any consensus even within one of the bodies,
01:14let alone a bicameral consensus.
01:16And that work has to be done.
01:18But, you know, we're eight weeks away, six legislative weeks.