The Republican Study Committee will release its framework for a second reconciliation package today. It’s called “Making the American Dream Affordable Again.”
We got our hands on it. This is important for two reasons:
No. 1. It shows the fervor with which some Republicans want to spend 2026 on big-ticket legislating. Senate Majority Leader John Thune has been skeptical about another reconciliation package. Speaker Mike Johnson is a bit more interested.
No. 2. The RSC, the 188-member group run by Rep. August Pfluger (R-Texas), has a long list of policy provisions that it wants to enact. This could, in theory, form some of the basis of what Republicans push for in the reconciliation package. But it also shows why another bill will be difficult, underscoring that conservatives would like significant health care overhauls, another shot at items that fell out of the One Big Beautiful Bill Act and more spending cuts.
The details. The bill has six categories: home ownership, “health care freedom” and lowering drug prices, reducing energy costs, “rebuilding the American family,” cutting spending and codifying President Donald Trump’s executive orders.
Here are some of the notable policy items:
— “The Don” payment program is a “zero- to low-down payment” mortgage for “creditworthy borrowers.”
— The bill eliminates capital gains for a home seller if the home is sold to a first-time buyer.
— Repealing the estate tax, which would cost $281 billion in revenue over a decade.
— A new “parallel” option for people to buy health insurance in a “separate marketplace” from Obamacare.
— Send insurance subsidies directly to individuals instead of through credits to health insurance companies, which is in line with what President Donald Trump has called for.
— Require pharmacy benefit managers to pass on rebates to consumers.
