Trumps "Big Beautiful Bill"

[Smit]

Imagine my surprise.

The GOP's massive bill would benefit the rich the most — while hitting the poor

The nation's highest-paid workers would be the biggest winners from a massive Republican tax and spending bill, according to a new analysis from the Congressional Budget Office.

Middle-income families would see smaller gains while those at the bottom of the income ladder would be worse off.

The non-partisan CBO tried to forecast the combined effects of the more than $3 trillion in tax cuts that are included in the bill, along with about $1 trillion in reduced government spending on programs like Medicaid and food stamps. The bill, which President Trump has strongly championed, passed the House last month and is now being considered by the Senate.

The tax cuts deliver the biggest savings for top earners and more modest gains for those with average incomes, the CBO found. For families making less than about $55,000 a year, the cutbacks in government benefits typically outweigh any tax savings, leaving them with a net loss.

"The changes would not be evenly distributed among households," CBO director Phillip Swagel wrote in a letter to lawmakers. "In general, resources would decrease for households towards the bottom of the income distribution, whereas resources would increase for households in the middle and top of the income distribution."

The biggest winners in the CBO's analysis are families in the top 10% of household income, earning an average of $692,000 a year. On average, they'd see annual savings of about $12,000 or 2.3%.

Middle-income families earning between $86,000 and $107,000 would see average annual savings between $500 and $1,000, or less than 1%. And families on the bottom rungs of the income ladder, earning around $23,000 a year, would see an average loss of $1,600 each year, or 3.9%.

[neurosis]

Did they remove no tax on social security from the bill?

[Smit]

Did they remove no tax on social security from the bill?

I don't know. The bill will look a lot different when the Senate is done with it.

[neurosis]

I'm going to go out on a limb and say that Sen. Thom Tillis has secured his position as a RINO to MAGA Republicans at this point? 

[neurosis]

More shots fired! 

"Musk threatens to primary members of Congress who vote for Trump's megabill
Musk vows they'll lose primaries "if it is the last thing I do on this Earth."

https://abcnews.go.com/Politics/musk-threatens-primary-members-congress-vote-trumps-megabill/story?id=123354700

It's like a reality tv show.  I guess that makes sense though?   

[mkd]

I hope Musk help primary Rinos

[neurosis]

I hope Musk help primary Rinos

I would assume that it's the so called "Rinos" that are the holdouts?  Or if they weren't considered Rinos before, they would be after.

[gcode]

I hope Musk help primary Rinos

Musk is threatening to start a 3rd political party if the BBB passes.

[riverhunter]

the more things change, them more they stay the same.  I'm not a fan of increasing the budget.  I do believe all congress does is put on a soap opera and meanwhile they are all getting very wealthy.

[gcode]

The bill fell apart over Medicare for illegal immigrants.
I just cannot understand how that even passes the smell test.
Providing benefits for people in the country illegally to the detriment of American citizens
just does not make sense.

[Jeff]

The bill fell apart over Medicare for illegal immigrants.
I just cannot understand how that even passes the smell test.
Providing benefits for people in the country illegally to the detriment of American citizens
just does not make sense.

Because people profit off of it.
If there was zero money to be made (AND it wasn't coming from Trump), it would pass in a heartbeat.

[TylerBeer]

The bill fell apart over Medicare for illegal immigrants.
I just cannot understand how that even passes the smell test.
Providing benefits for people in the country illegally to the detriment of American citizens
just does not make sense.

Because the republican owned companies that hire illegals don't want to pay for it when the middle class can

[beej]

every election cycle we hear how some republican is going to take a hatchet to the budget, and every time the budget grows exponentially. and Musk was going to find a trillion dollars in waste, and save our future. How much did he find?

In the meantime, I've been paying in to social security my entire adult life and it is predicted to be insolvent at my retirement age. nope....wait....they just moved it up one year.

[gcode]

Because the republican owned companies that hire illegals don't want to pay for it when the middle class can

4 out of 53 Republicans voted to keep providing Medicare to illegal immigrants

48 out of 48 Democrats voted to keep providing Medicare to illegal immigrants

I think you need a new boogeyman for this one Tyler.

[Incogneeto]

They are reporting it Passed.