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Fortune
Fortune
Alicia Adamczyk

How Republicans plan to use 'weird accounting' to pass $5 trillion tax cuts

Photo of Mike Johnson (Credit: Saul Loeb / Getty)

Republicans have proposed trillions of dollars in tax cuts that are all but impossible to make permanent with the party's slim majorities in the House and Senate. So now, Senate Republicans may use what one budget expert calls "weird accounting" tricks to push through cuts that are controversial even to some in their own party, and which could have huge implications for future policymaking.

In order to pass the budget bill with a simple majority and avoid a filibuster by Senate Democrats, Republicans would have to rely on a process called budget reconciliation. One of the requirements of budget reconciliation is that bills cannot add to the national deficit beyond the budget window, in this case 2034.

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