Skip to main content

What’s in the Senate Version of the Big Beautiful Bill?

Overview of the Vote-a-Rama for the One Big Beautiful Bill Act

- Senators will start a series of votes to pass the One Big Beautiful Bill Act.

- The voting session, known as a “vote-a-rama,” will likely extend into Tuesday.

- The legislation seeks to implement major changes to U. S. policy and funding over 10 years.

- It aims to fulfill President Trump’s “Make America Great Again” promises.

- Trump desires final passage of the bill by July 4.

- The Senate previously approved advancing the legislation with a 51-49 vote.

Key Components of the Bill

- America First Healthcare

- 2017 Tax Cuts Extended

- The bill extends tax cuts from the 2017 Tax Cuts and Jobs Act.

- Tax rates would revert to pre-2017 levels if not extended by fiscal year 2025.

- Child Tax Credit Boosted

- Raises the Child Tax Credit from $2,000 to $2,200 and makes it permanent.

- Reduced Taxes on Overtime, Car Loans, Tips

- Deduction for the first $25,000 in tips and up to $12,500 for overtime pay.

- Deduction up to $10,000 for car loan interest on American-made vehicles.

- $6,000 Social Security Deduction for Seniors

- Allows seniors to deduct $6,000 from their Social Security income, subject to income limits.

- Funding Immigration and Border Security

- Allocates $150 billion for immigration enforcement and border security.

- Includes nearly $30 billion for Immigration and Customs Enforcement.

- $45 billion dedicated to detaining illegal immigrants and $46. 5 billion for the border wall.

- Defense Funding

- Appropriates $157 billion for defense.

- Funding includes enhancements for U. S. maritime capabilities and support for Israel's defense project.

- Clean Energy Tax Credits

- Cuts several clean energy tax credits, including those for electric vehicles.

- Tax on new wind and solar projects that use foreign components.

- Medicaid and Rural Hospitals

- Imposes an 80-hour work requirement for able-bodied adults on Medicaid.

- Allocates $25 billion to support rural hospitals.

- SNAP Cuts

- Requires states to contribute to SNAP payments for the first time.

- Increases states’ administrative cost share from 50% to 75%.

- $5 Trillion Debt Ceiling Increase

- Proposes an increase of $5 trillion to the U. S. debt ceiling.

- $40,000 SALT Cap

- Increases State and Local Tax (SALT) deduction cap from $10,000 to $40,000.

- Education Policies Tweaked

- Adjusts Pell Grant eligibility and proposes two student loan repayment plans.

- Taxes college endowments based on their wealth.

- Restrictions on Regulating AI

- States must not regulate AI for 10 years to access a new broadband fund.

Provisions Cut From the Bill

- Several provisions were ruled ineligible for reconciliation, requiring 60 votes.

- Notable cuts included proposals related to immigration law enforcement and federal workforce.

- Other dropped proposals included federal land sales and tax cuts on certain firearms.

Conclusion

- The bill is a significant legislative effort embodying key aspects of Trump's agenda and involves contentious issues, including tax policies, immigration, healthcare, and education reform.

https://www.theepochtimes.com/us/whats-in-the-senate-version-of-the-big-beautiful-bill-5880045 

Comments

Popular posts from this blog

Fauci Files Reveal Pfizer Helped Biden Rig 2020 Election

 Pfizer secretly colluded with Joe Biden's team to help him rig the 2020 election against Trump, according to new Fauci documents. In his new book, "On Call," Fauci admits that Albert Bourla, the CEO of Pfizer, called him the night after Biden was declared the winner of the election, to inform him of Pfizer's "Game-changing results" from the rigged mRNA trial. "On November 7, after the absentee ballots were counted, Joe Biden was declared the winner of the presidential election. It was the very next night that Albert Bourla, Pfizer's CEO, called me away from my neighbors' fire pit to inform me about the game-changing results from the Pfizer mRNA vaccine trial. I finally thought we had truly turned a corner in defeating this terrible disease." Today reports: In another interesting tidbit, Fauci discusses Trump's FDA Commissioner Stephen Hahn declaring that he would not go along with the Trump Administration's plan to roll out the vac...

Republicans Withdraw $1 Billion From BlackRock Due To Its ESG Policies

  Multiple U.S. states governed by Republicans are withdrawing state funds from BlackRock's management, as they disapprove of the ESG investment policies of the world's top asset manager, the Financial Times reports. In recent weeks, Louisiana, South Carolina, Utah, and Arkansas have announced they would divest funds from... For months now, Republican states have said they would not do business anymore with asset managers who have ESG-aligned investment policies, which, the states say, show that those financial firms are boycotting the oil and gas industry. Texas is leading the campaign against this movement The Lone Star State published a list of financial firms that could be banned from doing business with Texas, its state pension funds, and local governments. https://oilprice.com/Latest-Energy-News/World-News/Republicans-Withdraw-1-Billion-From-BlackRock-Due-To-Its-ESG-Policies.html

The Biden-Harris White House Has An Iranian Spy Leaking U.S. Intelligence In It

 The question is, how did classified intelligence from the United States, showing Israeli military movements that suggest broader action against Iran, get to Tehran? The answer raises uncomfortable questions for the Biden-Harris White House, which has opposed Israel every step of the way in responding to Hamas, Hezbollah, and Iran. Defying Biden got Israel the entire leadership of Hezbollah and Hamas, with the ultimate threat still looming: Iran and its nuclear program. Operations against Iran are being assessed also because Iran has started firing ballistic missiles into Israel, targeting civilian centers across the country. If Israel is close to launching a broader offensive against Iran, leaking U.S. intelligence would be a way to both try and deter Israel and give more warning to Iran. In 2012, similar allegations were made against the Obama administration when U.S. intelligence leaks showed that Israel was working towards using "Azerbaijan as a base of operations in the event...