The first time we had 'one big, beautiful bill' we called it Reaganomics

The article discusses how both Ronald Reagan and Donald Trump have used "one big, beautiful bill" strategies involving reconciliation to pass significant tax cuts and spending reductions. This legislative tool was enabled by changes in Congress following Watergate and the 1974 Congressional Budget Act, which eliminated the filibuster. While effective for leaders with majorities, like Reagan, its success now hinges on Trump's ability to navigate this process without undermining his re-election chances. The article underscores how reconciliation could play a pivotal role in shaping Trump's second term's federal government structure.