28-05-2025
The GOP's Budget Bill Will Pass in Spite of Itself
'Will it pass?' a Republican donor and occasional source from New York asked me, referring to the sweeping $2.5 trillion reconciliation package of tax cuts and fresh spending priorities working its way through Congress.
I've been getting that question a lot lately. Mostly, I hear from interested political observers who work in business or, like my donor-source, finance. Either way, they're trying to game out future tax and regulatory policy and figure out the impact on the markets, their industry, their clients. So, what do I tell them? From the very beginning, my answer has been the same: 'Eventually, it will pass.'
