Republicans moving ahead with Trump’s ‘big’ bill of tax breaks (1 Viewer)

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    zztop

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    More than a month after House Republicans surprised Washington by advancing their framework for Trump’s $4.5 trillion in tax breaks and $2 trillion in spending cuts, Senate Republicans voted Thursday to start working on their version. The largely party-line vote, 52-48, sets the stage for a potential Senate all-nighter Friday spilling into the weekend.
     
    This bill is a straight up assault on poor people. They haven't arrested droves of people who are systemically defrauding medicaid, like all these illegals they claim that are on it. I used to be on it and you have to renew your case every year. I had to submit bank account information, I had to list what the people I was living with did for a living and even some information they asked for that I didn't even know or could answer, like how much money they make. They let you know at least when I applied for it that they actively monitor how much money you make because there is a threshold of how much you're allowed to make before booting you off of it or not renewing you when the new year arrives.

    They're selling it as kicking off illegals when in reality, its just punching poor people in the face. This will probably end up in court when all kinda people lose coverage.
     
    President Donald Trump returned to the White House this January with a flurry of sweeping orders – some of which may impact Americans’ credit scores.

    Trump and his allies are set on enacting his “One Big Beautiful Bill,” which would add trillions to the country’s already sizable deficit and drive up interest rates, producing large-scale macroeconomic repercussions.

    Financial markets have already warned of the rising debt, with Moody’s cutting its pristine “Aaa” U.S. credit rating, which could take even further hits if the deficit continues to rise.


    To help pay for the bill, Republicans are looking to make cuts to Medicaid and food assistance programs, without which, more Americans are likely to go into medical debt.

    Some 15 million Americans with medical debtmay suffer even greater consequences of Trump’s policies after his administration paused a new Consumer Financial Protection Bureau rule that would ban the inclusion of medical debt on credit reports. As of now, medical debt can be included in credit scores and a significant amount of medical bills can drag down a credit score.

    A lower credit score means a person appears to be a bigger risk to a lender, such as a bank. That could lead to higher interest rates on loans, such as for a car or a home……..

     
    Senate GOP trying to fix the bill have somehow made it worse in a way.

     
    President Donald Trump’s “Big Beautiful Bill” could kill off a key tax deduction — one that lets professional sports teams save billions on expenses such as player contracts — which would make it harder for teams to spend money on top championship-winning talent.

    The version of the massive tax cut and spending package that passed the House last month included language that would’ve cut how much sports teams can deduct as expenses for "intangible assets," including player contracts and media rights.

    It wouldn’t apply to current team owners, but sports leagues such as the National Football League have warned that limiting the valuable tax deduction would cut teams’ overall value when franchises are up for sale, forcing owners to pass costs on to fans to recoup their money.

    A Trump-linked pollster named David Lee told GOP senators that 71 percent of voters agree with getting rid of the deduction, but the draft bill released by the Senate Finance Committee last night does not include the House language to kill it off, Axios reported Tuesday.……



     
    These outcomes were detailed in Project2025 but too many people wouldn't take the time to understand and consider what was going to happen. And many of those same people remain in denial even now.
    I specifically remember Sendai claiming that Trump couldn't close any of the departments targeted for dismantling by Project2025. He said only Congress could do that. I pointed out that Project2025 laid out how Trump could do it without Congress by cutting staffing and funding, and re-delegating roles to other departments.

    Sendai insisted that wasn't possible, and yet, here we are with Trump doing exactly that. I suspect Sendai knew what he was saying was untrue.
     
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    Color me shocked that was the outcome when Arkansas tried this is 2018. No benefit to the workforce and many people lost their coverage.
     

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    Parliamentarian nixes key pieces of Tim Scott’s megabill proposal: Senate Banking Republicans will be forced to go back to the drawing board on the core components of their proposal for the GOP’s “big beautiful bill.”

    Scott’s proposals to zero out funding for the Consumer Financial Protection Bureau, slash some Federal Reserve employees’ pay, cut Treasury’s Office of Financial Research and dissolve the Public Company Accounting Oversight Board are all ineligible to be included in a simple-majority budget
     
    Parliamentarian nixes key pieces of Tim Scott’s megabill proposal: Senate Banking Republicans will be forced to go back to the drawing board on the core components of their proposal for the GOP’s “big beautiful bill.”

    Scott’s proposals to zero out funding for the Consumer Financial Protection Bureau, slash some Federal Reserve employees’ pay, cut Treasury’s Office of Financial Research and dissolve the Public Company Accounting Oversight Board are all ineligible to be included in a simple-majority budget
    So when will they replace the Parliamentarian? They’ve already talked about doing so if they don’t get their way n
     
    Looks like another battle won in the war against Trump's tyranny.

    As Trump faces lawsuits nationwide, GOP lawmakers had sought to bar federal courts from issuing temporary restraining orders or preliminary injunctions against the federal government unless the plaintiffs post what in many cases would be a massive financial bond at the beginning of the case.

    The proposal was included in the Senate version of Trump’s massive tax and immigration bill, but ran into trouble with the Senate parliamentarian, who said it violates the chamber’s rules. It is now unlikely to be in the final package.

     
    Yet another thing in the tyrant Trump's budget bill found to violate rules. At this rate there won't be much of a bill left. The sheer number of things they tried to sneak past normal, democratic procedures is alarming, but not surprising.

     

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