One Big Beautiful Bill Act

[BabyBoomer50s]

You have that backwards. The CBO’s projection of $3.3 trillion deficit increase is based on what is in the Tax & Spend Bill, which is the extension of the tax cuts.

The CBO projection compares the reconciliation bill which extends current individual tax rates to an unrealistic scenario that has the scheduled $4.5 trillion tax increase going into effect next year.

 

[Rebel5soul]

The CBO projection compares the reconciliation bill which extends current individual tax rates to an unrealistic scenario that has the scheduled $4.5 trillion tax increase going into effect next year.

When was the last time the CBO was right about anything?

 

[ll74]

When was the last time the CBO was right about anything?

When it supports your perspective about Dem legislation

 

[MajorRewrite]

The CBO projection compares the reconciliation bill which extends current individual tax rates to an unrealistic scenario that has the scheduled $4.5 trillion tax increase going into effect next year.

The CBO projection is based on the actual impact of the actual BBB, which includes the extension of the tax cuts.

When was the last time the CBO was right about anything?

Always. For example, their estimate of the cost of Trump’s tax cuts when they were first enacted proved to be spot on.

 

[Lance_Castro]

Good News! Your Credit limit has been increased by 3.5 to 5 Trillion!

 

[BabyBoomer50s]

The CBO projection is based on the actual impact of the actual BBB, which includes the extension of the tax cuts

In comparison to a scheduled $4.5 trillion tax increase that would never happen despite your wishes.

 

[ll74]

The CBO has multiple estimations available, all of which add significantly to the debt.

 

[butters]

marsha blackburn (don't get me started), republican TN, has come out against a portion of the bill—the part regulating AI

"This provision could allow Big Tech companies to continue to exploit kids, creators, and conservatives," Blackburn said in a statement posted on X. "Until Congress passes federally preemptive legislation like the Kids Online Safety Act and an online privacy framework, we can't block states from passing laws that protect their citizens."

so 'big tech' doesn't ever 'exploit' dems? anything for a twee soundbite

Blackburn's support hinged on language that would allow states to regulate AI. The initial draft bill included a 10-year moratorium on such legislation. Sen. Ted Cruz (R-TX) rewrote that portion of the bill after the Senate Parliamentarian said it violated the Byrd Rule. The current version theoretically allows states to continue regulating AI, but those that do could lose access to federal broadband funding.

naughty, naughty

https://www.msn.com/en-us/news/poli...p&cvid=ee113033f2ee4ba19f9fe250154ab4ae&ei=41

 

[butters]

as for murkowski, I'm not holding my breath given her past record of expressing 'grave concerns' and needing to 'think things through very deeply' with regards to other 'worrying' bill contents and then voting for them, anyway.

Eager to avoid any more defections, Republicans loaded the bill up with benefits for Alaska to appease Sen. Lisa Murkowski (R-Alaska), a moderate who has said she is concerned about the measure’s potential impact on her state.

The legislation appeared tailored to win her vote, including special carveouts for Alaska on Medicaid and the Supplemental Nutrition Assistance Program, the anti-hunger program formerly known as food stamps. It also included tax benefits for whaling captains and Alaskan fishermen. But the Senate parliamentarian excised the Alaska-focused Medicaid measure from the bill on Monday, determining that it violates the rules of the special Senate process that Republicans are using to pass the bill with a simple majority and dodge a Democratic filibuster.

okay, she has voted against him before, but not often enough

and as for trump:

Trump has been adamant with lawmakers he wants the larger debt-ceiling hike included in the bill, to push the next politically toxic vote on the issue beyond the 2026 midterm elections.

https://www.msn.com/en-us/news/poli...p&cvid=ee113033f2ee4ba19f9fe250154ab4ae&ei=59

 

[73Seahawks]

The 4th of July is around the corner and let's see if Thune and the Senate Republicans get this so-called BBB over the finish line.

 

[butters]

some republicans shocked that 18 Gopers voted to raise taxes on the uber wealthy to raise funds for rural hospitals... not that they got it anywhere, a miserable fail to advance the motion at 22-78

Eighteen Republican senators, including former Senate GOP Leader Mitch McConnell (Ky.), voted to advance an amendment sponsored by Sen. Susan Collins (R-Maine) to raise taxes on ultra wealthy income earners to help rural hospitals facing steep Medicaid cuts.

Republican Sens. Shelley Moore Capito (W.Va.), Bill Cassidy (La.), John Curtis (Utah), Deb Fischer (Neb.), Lindsey Graham (S.C.), Josh Hawley (Mo.), Jon Husted (Ohio), Cindy Hyde-Smith (Miss.), John Kennedy (La.), Roger Marshall (Kan.), McConnell, Jerry Moran (Kan.), Bernie Moreno (Ohio), Lisa Murkowski (Alaska), Dan Sullivan (Alaska), Roger Wicker (Miss.) and Todd Young (Ind.) voted to support the measure.

https://www.msn.com/en-us/news/poli...&cvid=ee113033f2ee4ba19f9fe250154ab4ae&ei=129

 

[BabyBoomer50s]

Good news! The Senate has just passed the reconciliation bill. We are one step closer to averting a $4.5 trillion tax hike. It now must pass the House. No guarantees but this is a very encouraging milestone.

 

[MajorRewrite]

Good news! The Senate has just passed the reconciliation bill. We are one step closer to averting a $4.5 trillion tax hike. It now must pass the House. No guarantees but this is a very encouraging milestone.

Woo! Deficits going up (if the House agrees)! eNCoUrAGinG

 

[butters]

Hawley (R-MO) has repeatedly decried the bill's cuts to Medicaid as devastating for working people and rural hospitals in his state, but has signaled he is likely to vote for most of those cuts anyway.

https://www.msn.com/en-us/news/poli...&cvid=ee113033f2ee4ba19f9fe250154ab4ae&ei=462

 

[heathrowinneo]

we may be avoiding a $4.5 trillion tax hike but we are going to spending a lot more funding the debt for the next three or four or five generations. congrats on such a bang up job. let's see what the house does with the senate changes. josh hawley, yes its going to hurt so many. i remember seeing him running down the hall to a safe haven during the January 6th insurrection.

 

[Meekly_Anna]

Democracy is when you get what you deserve.

 

[nowisthetime]

we may be avoiding a $4.5 trillion tax hike but we are going to spending a lot more funding the debt for the next three or four or five generations. congrats on such a bang up job. let's see what the house does with the senate changes. josh hawley, yes its going to hurt so many. i remember seeing him running down the hall to a safe haven during the January 6th insurrection.

God such a tiny margin, that's what's so infuriating about it. I am so saddened for all the people struggling, many people are just a few paychecks away from going down under. I hope this destroys the R party. The country has taken a nose dive in the last ten years. It's very ugly.

 

[BabyBoomer50s]

Woo! Deficits going up (if the House agrees)! eNCoUrAGinG

You can donate to the US Treasury on my behalf.

 

[butters]

as for murkowski, I'm not holding my breath given her past record of expressing 'grave concerns' and needing to 'think things through very deeply' with regards to other 'worrying' bill contents and then voting for them, anyway.

so I wasn't wrong, right?

Sen. Lisa Murkowski (R-AK.) said President Donald Trump's "Big, Beautiful Bill" that she voted to advance Tuesday should be reworked by the House because it is "not there yet."

"My hope is that the House will look at this and recognize that we're not there yet," said Murkowski, speaking to reporters moments after she voted for the bill.

https://www.msn.com/en-us/news/poli...1&cvid=6b519032f1f243a097b040733b6977c9&ei=47

so is it laziness? incompetence? fear of reprisals from trump and extreme right-wingers? If it 'wasn't there yet,' she should have had the courage of her convictions. Once again murkowski shows she's spineless. Says she voted because she managed to get concessions for her state and that's what matters most to her... yeah, fuck everyone else. Perhaps if she and the other jellified wastes of space had voted no they'd have forced the senate to make concessions for everyone and amend the bloody bill. As it is, she's assuring her own job abd fuck everybody else who'll suffer because of her lack of integrity.

Rep. Daniel Goldman (D-N.Y.) wrote on the social platform X: "Murkowski votes yes and hopes it doesn’t pass. Hawley says it’s terrible for his constituents and the middle class … yet votes yes. It’s pretty simple: words don’t matter. Votes do."

 

[nowisthetime]

so I wasn't wrong, right?


https://www.msn.com/en-us/news/poli...1&cvid=6b519032f1f243a097b040733b6977c9&ei=47

so is it laziness? incompetence? fear of reprisals from trump and extreme right-wingers? If it 'wasn't there yet,' she should have had the courage of her convictions. Once again murkowski shows she's spineless. Says she voted because she managed to get concessions for her state and that's what matters most to her... yeah, fuck everyone else. Perhaps if she and the other jellified wastes of space had voted no they'd have forced the senate to make concessions for everyone and amend the bloody bill. As it is, she's assuring her own job abd fuck everybody else who'll suffer because of her lack of integrity.

It's absolute cowardice, incompetence, and laziness, with a touch of the typical Rethug lack of empathy for their constituents, all of the above! I am also very sick of these spineless MAGAt women politicians, they are dolts.

Why didn't she take after Tillis and a few other of her colleagues with a non vote?

Her constituents should vote her ass out. The disrespect these Rethugs have for their constituents is out of this world!

 

[Rotadom]

From the New York Times, how much is $3.3 Trillion dollars (what the currently proposed budget bill would add to the national debt in service of tax breaks to the wealthiest among us):

“Say you start playing the lottery the day you’re born. If you somehow managed to win every game in every U.S. state, every single day — we’re talking everything from scratch-offs to Powerball jackpots — it would still take you around 75 years to rack up $3.3 trillion (assuming, of course, that you pay taxes on your winnings).

Here are five other ways to think about $3.3 trillion:

It’s enough to buy every piece of real estate in Manhattan — all 1.1 million residential and commercial properties — twice, based on recent valuations.

It’s more than the combined wealth of Musk, Larry Ellison, Mark Zuckerberg, Jeff Bezos and the next 18 richest people in the world.

If distributed evenly, it would be enough to give every U.S. household more than $25,000.

Broken into $100 bills, it would create a stack 2,200 miles high — far beyond the orbit of the International Space Station. Laid end to end, those bills could wrap around the Equator 128 times.

If you spent $1 every second without stopping, it would last more than 104,000 years. If you spent $1 million every day, it would last more than 9,000 years.”

 

[Rotadom]

 

[JohnEngelman]

The Republican tax bill, explained in 500 words​

Republicans are barreling ahead to try to pass President Donald Trump’s “big, beautiful bill” — legislation that somehow manages to combine massive fiscal irresponsibility with devastating spending cuts.

The bill would keep the “Trump tax cuts” originally passed in 2017 in place, while adding some new tax breaks and new spending on immigration enforcement and the military.

It would also make deep cuts to government spending on Medicaid, the clean energy industry, student loans, and food stamps, though exactly how deep these cuts will be isn’t yet clear, as the GOP continues to debate the bill.

Yet under any scenario, these cuts will be insufficient to get anywhere near covering the bill’s massive cost — one estimate suggests it will add $3.9 trillion to the debt.

https://www.msn.com/en-us/news/poli...1&cvid=d906d9f8ae26455c9a7ef65fd420d22d&ei=14

 

[PersonalFavors]

The CBO projection is based on the actual impact of the actual BBB, which includes the extension of the tax cuts.



Always. For example, their estimate of the cost of Trump’s tax cuts when they were first enacted proved to be spot on.

The bill has been sent back to the house. Are the tax cuts still in it? No one has seen the bill. We've only been told they damaged it and voted on it.

 

[DeluxAuto]

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Welp.