Find out what is really in Donald Trump's Big Butt-Ugly Bill!
Republicans want to increase taxes on the lowest earners by more than 74%!
#gop​ #republicans​ #maga​ #trumptaxplan​ #trumptaxplan​ #budget2025​​​ #rawnewsandpolitics​

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Republicans just passed a new tax cut bill, now law, that's supposedly the 'largest ever' for North Carolina families. It aims to put more cash in pockets by cutting taxes on overtime and Social Security for seniors. President Trump backed it

#TaxCut #NorthCarolina #TrumpTaxPlan

What’s next for Congress after lawmakers passed Trump’s big tax cut bill WASHINGTON — Congress is now turning its attention to the rescissions package and the 2026 government funding fight after Republicans successfully pushed through President Donald Trump’s massive tax breaks and spending cuts package. Lawmakers have another tight deadline ahead of them to approve the White House’s request to claw back $9.4 billion in already approved […] The post What’s next for Congress after lawmakers passed Trump’s big tax cut bill appeared first on Alabama Daily News.

Alabama Daily News:Alabama News Beacon #Congress #TaxCuts #TrumpTaxPlan

Bureaucracy is bleeding us dry. Trump’s bill isn’t cruelty — it’s course correction.

#AmericaFirst #CutTheWaste #TrumpTaxPlan #HealthcareReform #StopGovernmentOverreach #MedicaidReform

Trump's tax plan won't help Tesla, but 2 other EV companies got a stock boost - Business Insider Trump's tax plan won't help Tesla, but 2 other EV companies got a stock boost  Business Insider

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US House Republicans head toward final vote on Trump’s sweeping tax-cut bill By Bo Erickson, Richard Cowan and David Morgan WASHINGTON (Reuters) -Republicans in the U.S. House of Representatives advanced President Donald Trump’s massive tax-cut and spending bill toward a final yes-or-no vote early on Thursday morning, appearing to overcome internal party divisions over its cost. During a marathon overnight session, lawmakers cleared a final procedural hurdle needed to begin debate on the bill in a 219-213 vote at around 3:30 a.m. ET (0730 GMT). It was not clear when they would hold a final vote. As dawn broke in Washington, the top House Democrat, Hakeem Jeffries, was well into what was turning into an hours-long speech, calling out Republican lawmakers by name as he blasted the package as a giveaway to the wealthiest Americans. "This one big, ugly bill--this reckless Republican budget -- this disgusting abomination is not about improving the quality of life of the American people," he said, a scathing reference to Trump’s name for his signature legislation: One Big Beautiful Bill. "The focus of this bill, the justification for all of the cuts that will hurt everyday Americans is to provide massive tax breaks for billionaires." His remarks had echoes of Democratic Senator Cory Booker’s record-setting April speech that accused Trump of "recklessly" challenging the nation’s democratic institutions. Democrats are united in opposition to the bill, but on their own lack the votes to stop the bill in the chamber, which is controlled 220-212 by Trump’s Republicans. Republicans can afford no more than three defections to get a final bill passed. The past two weeks have shown deep Republican divides on the bill, which would add $3.4 trillion to the nation’s $36.2 trillion in debt and make major cuts to social programs including Medicaid. Republican lawmakers have long railed against the growth of the debt, which has continued over the past two decades regardless of which party was in control in Washington. A handful of Republican holdouts have objected to the bill. One, Senator Thom Tillis, opted not to seek re-election after voting against it. Nonetheless, Trump has succeeded in getting the votes to advance the legislation at each step of the way. Votes in the House were held open for hours on Wednesday during the day and overnight as House Speaker Mike Johnson and the White House talked with reluctant members. Johnson expressed optimism on Wednesday night, saying lawmakers had a "long, productive day" discussing the issues. He praised Trump for making phone calls to the holdouts through the early hours of Thursday morning. "There couldn’t be a more engaged and involved president," Johnson told reporters. SENATE PASSAGE The Senate passed the legislation by the narrowest possible margin on Tuesday after intense debate on the bill’s hefty price tag and $900 million in cuts to the Medicaid healthcare program for low-income Americans. Any changes made by the House would require another Senate vote, which would make it all but impossible to meet Trump’s self-imposed deadline of getting the legislation approved by the July 4 holiday. The bill would raise the nation’s debt ceiling by $5 trillion, a necessary step to avoid a devastating default later this summer. The nonpartisan Congressional Budget Office estimates that almost 12 million people could lose health insurance as a result of the bill. It would extend Trump’s 2017 tax cuts, cut health and food safety net programs, fund Trump’s immigration crackdown, and zero out many green-energy incentives. It also includes a $5 trillion increase in the nation’s debt ceiling, which lawmakers must address in the coming months or risk a devastating default. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

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Trump’s ‘Big Beautiful Bill’ stalls in House as Republican defections threaten passage President Trump’s sweeping tax and spending bill faces a major hurdle in the House, as Republican defections jeopardize its future despite intense lobbying from Trump and Speaker Mike Johnson ahead of...

Trump’s ‘Big Beautiful Bill’ stalls in House as Republican defections threaten passage

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#Trump #OneBigBeautifulBill #Republicans #USA #trumptaxplan #trumpbill #stalled #Crisis

Tax cut takeaways for Alabamians in Trump’s megabill WASHINGTON — U.S. Senate Republicans, including Alabama’s lawmakers, have hailed the extension of tax cuts and the addition of new tax breaks as motivation for supporting President Donald Trump’s sweeping tax cut legislation, but the benefits won’t be felt equally. The version that passed the Senate Tuesday would extend Trump’s 2017 tax cuts, which are […] The post Tax cut takeaways for Alabamians in Trump’s megabill appeared first on Alabama Daily News.

Alabama Daily News:Alabama News Beacon #TaxCuts #TrumpTaxPlan #AlabamaNews

Senate passes Trump’s big tax and spending cuts bill as Vance breaks a 50-50 tie WASHINGTON (AP) — Senate Republicans hauled President Donald Trump’s big tax breaks and spending cuts bill to passage Tuesday by the narrowest of margins, pushing past opposition from Democrats and their own GOP ranks after a turbulent overnight session. The outcome capped an unusually tense weekend of work at the Capitol, the president’s signature legislative priority teetering on the edge of […] The post Senate passes Trump’s big tax and spending cuts bill as Vance breaks a 50-50 tie appeared first on Alabama Daily News.

Alabama Daily News:Alabama News Beacon #TaxCuts #Senate #TrumpTaxPlan

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Trump wants to end federal income tax on tips.
If passed, waiters, bartenders, and hairdressers would stop paying that tax.
The Senate wants a cap at $25,000.
The House version skips the cap.
Tipped workers—would this help or hurt you?

#NoTaxOnTips #TippedWorkers #TrumpTaxPlan #WealthWaveDigest

Debate is underway in the Senate on Trump's big bill, but overnight voting is delayed Debate has been underway in the Senate late into the night, with Republicans wrestling President Donald Trump's big bill of tax breaks and spending cuts over mounting Democratic opposition — and even some brake-pumping over the budget slashing by the president himself.

WHNT 19Alabama News Beacon #TrumpTaxPlan #SenateDebate #PoliticalNews

Elon Musk warns Senate bill threatens millions of jobs, harms clean energy, and risks U.S. global competitiveness. #CleanEnergy #JobLosses #ClimateImpact #USPolicy #TrumpTaxPlan

A key Medicaid cut in Trump’s tax bill has been ruled out of bounds by Senate rules, complicating Republican plans for corporate tax breaks. Healthcare, immigration, and budget politics now collide ahead of July 4.

#TrumpTaxPlan #MedicaidCuts #ByrdRule #SenatePolitics #SteadyScopeMedia

Trump’s ‘Beautiful Bill’ Breakdown: Who Gets Help and Who Gets Hit Trump’s sweeping bill blends tax cuts with spending rollbacks. Learn how the proposed changes could affect your income, benefits, and long-term financial security.

Trump's "Beautiful Bill" - massive tax breaks for some, painful cuts for others. A deep dive into who benefits and who pays the price in this sweeping legislation that could reshape American policy. #TrumpTaxPlan #MoneyMoves

U.S. budget office: Trump tax plan adds $2.8 trillion to deficit Investing.com -- The nonpartisan U.S. Congressional Budget Office (CBO) released new projections Tuesday showing that President Donald Trump’s tax-cut and spending legislation would increase the federal deficit by $2.8 trillion over a decade, even after accounting for economic growth effects. This dynamic analysis of the One Big Beautiful Bill Act, which passed the House of Representatives in May, comes as Senate Republicans are working on a revised version of the measure. The CBO had previously estimated that the legislation would add $2.4 trillion to the federal government’s $36.2 trillion debt over ten years without considering potential economic impacts. When interest payments on the new debt are included, that figure rises to $3 trillion. The Senate version of the bill could have an even larger fiscal impact. Independent analysts have estimated that debt increases could reach $5 trillion over a decade under the Senate proposal, which would make permanent several business tax breaks that would expire under the House version. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Congressional Budget Office wrongly analyzed Trump’s big bill, missed record savings, White House says
#TrumpTaxPlan #FederalDeficit #WhiteHouseResponse
www.youtube.com/watch?v=AMHJ...

The Debt Deal of Demolition ~WiTC#0007~

The Debt Deal of Demolition, a.k.a. Trump’s tax plan, consolidates power and access across the board.

Rule-breakers write the rules while 'We the People,' drown in their debt.

open.substack.com/pub/humanife...

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Trump’s Tax Bill: $2.4 Trillion in New Debt, 11 Million Uninsured—What Could Go Wrong? Trump’s New Tax Bill Could Add $2.4 Trillion to the Deficit and Leave 11 Million More Uninsured, CBO Warns By

Trump’s Tax Plan Adds $2.4 Trillion to Deficit, Millions to Uninsured, Says CBO

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#TaxCuts2025 #PoliticalNews #FiscalPolicy #BudgetReform
#UninsuredAmericans #EconomicImpact

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Trump’s SALT Deduction Cap Proposal: Potential Changes and Who Benefits A key piece of Trump’s new tax proposal targets the SALT deduction cap. Here’s what could shift — and what it might mean for taxpayers across the country.

Trump's tax plans hint at relief for high-tax state residents with possible changes to the SALT deduction cap, but benefits would primarily flow to wealthier households in states like CA, NY, NJ, and IL. #TaxPlanning #SALTcap #FinancialTips #TrumpTaxPlan

House GOP grinding ahead with Trump's big tax cuts bill, but new report says it will add to deficit Washington — House Republicans are pushing to vote on their multi-trillion-dollar tax breaks package as soon as Wednesday, grinding out last-minute deal-making to shore up wavering GOP support and deliver on President Donald Trump's top legislative priority. Trump himself had instructed the Republican majority to quit arguing and get it done, his own political influence on the line. But GOP leaders worked late into the night to convince skeptical Republicans who have problems on several fronts, including worries that it will pile onto the nation's $36 trillion debt. A fresh analysis from the Congressional Budget Office said the tax provisions would increase the federal deficit by $3.8 trillion over the decade, while the changes to Medicaid, food stamps and other services would tally $1 trillion in reduced spending. The lowest-income households in the U.S. would see their resources drop, while the highest ones would see a boost, the CBO said. Republicans hunkered down at the Capitol through the night for one last committee hearing processing changes to the package. Democrats immediately motioned to adjourn, but the vote failed on party lines. "President Trump's ‘one, big, beautiful bill’ is going to require one, big, beautiful vote,” said Speaker Mike Johnson, R-La. “We are going to get this done.” It's a make-or-break moment for the president and his party in Congress, who have invested much of their political capital during the crucial first few months of Trump's return to the White House on this package. If the House Republicans fall in line with the president, overcoming unified Democratic objections, the package would next go to the Senate. The package comes at a daunting time as the U.S. economy faces uncertainty. Democratic Leader Hakeem Jeffries said Republicans are trying to “quickly jam this unpopular legislation through the House because they know that the longer they wait, the more will come to light about this cruel and unconscionable bill.” At its core, the sprawling 1,000-plus-page bill is centered on extending the tax breaks approved during Trump's first term in 2017, while adding new ones he campaigned on during the 2024 presidential campaign. To make up for some of the lost revenue, the Republicans are focused on spending cuts to federal safety net programs and a massive rollback of green energy tax breaks from the Biden-era Inflation Reduction Act. Additionally, the package tacks on $350 billion in new spending — with about $150 billion going to the Pentagon, including for the president's new “ Golden Dome” defense shield, and the rest for Trump’s mass deportation and border security agenda. The package title carries Trump's own words, the “ One Big Beautiful Bill Act." As Trump promised voters on the tax front, the package proposes there would be no taxes on tips for certain workers, including those in some service industries; automobile loan interest; or some overtime pay. There would also be an increase to the standard income tax deduction, to $32,000 for joint filers, and a boost to the child tax credit to $2,500. There would be an enhanced deduction, of $4,000, for seniors of certain income levels, to help defray taxes on Social Security income. To cut spending, the package would impose new work requirements for many people who receive health care through Medicaid, with able-bodied adults without dependents needing to fulfill 80 hours a month on a job or in other community activities. Similarly, those who receive food stamps through the Supplemental Nutritional Assistance Program, known as SNAP, would also face new work requirements. Older Americans up to age 64, rather than 54, who are able-bodied and without dependents would need to work or engage in the community programs for 80 hours a month. Additionally, some parents of children older than 7 years old would need to fulfill the work requirements; under current law, the requirement comes after children are 18. Republicans said they want to root out waste, fraud and abuse in the federal programs. The Congressional Budget Office has estimated 8.6 million fewer people would have health insurance with the various changes to Medicaid and the Affordable Care Act. It also said 3 million fewer people each month would have SNAP benefits. Republicans have been racing to finish up the package by Memorial Day, a deadline imposed by Johnson as he tries to overcome objections within his own ranks. Conservatives are insisting on quicker, steeper cuts to federal programs to offset the costs of the trillions of dollars in lost tax revenue. GOP leaders have sped up the start date of the Medicaid work requirements from 2029 to 2027. At the same time, more moderate and centrist lawmakers are wary of the changes to Medicaid that could result in lost health care for their constituents. Others are worried the phaseout of the renewable energy tax breaks will impede businesses using them to invest in green energy projects in many states. Plus, a core group of lawmakers from New York, California and other high-tax states want a bigger state and local tax deduction, called SALT, for their voters back home. As it stands, the bill would triple what’s currently a $10,000 cap on the state and local tax deduction, increasing it to $30,000 for joint filers with incomes up to $400,000 a year. They have proposed a deduction of $62,000 for single filers and $124,000 for joint filers. Trump has been pushing hard for Republicans to unite behind the bill, which has been uniquely shaped in his image, and he said after meeting with House lawmakers privately Tuesday at the Capitol that anyone who doesn't support the bill would be a “fool.” But it's not at all clear that Trump, who was brought in to seal the deal, changed minds. One of the conservative Republicans, Rep. Thomas Massie of Kentucky, said afterward he's still a no vote. “We’re still a long ways away,” said Rep. Andy Harris, R-Md., chair of the House Freedom Caucus. The Committee for a Responsible Federal Budget, a nonpartisan fiscal watchdog group, estimates that the House bill is shaping up to add roughly $3.3 trillion to the debt over the next decade. Want to comment on this story? Become a subscriber today. Click here. This article originally appeared on Associated Press: House GOP grinding ahead with Trump's big tax cuts bill, but new report says it will add to deficit

House GOP grinding ahead with Trump's big tax cuts bill, but new report says it will add to deficit #TaxCuts #HouseGOP #TrumpTaxPlan

Trump's $4.9 trillion tax plan targets Medicaid to offset costs Washington – House Republicans proposed sweeping tax breaks Monday in President Donald Trump's big priority bill, tallying at least $4.9 trillion in costs so far, partly paid for with cuts to Medicaid, food stamps and green energy programs used by millions of Americans. The House Ways and Means Committee named its package "THE ONE, BIG, BEAUTIFUL BILL’’ in all capital letters, a nod to Trump himself. It seeks to extend the tax breaks approved during Trump's first term – and boost the standard deduction, child tax credit and estate tax exemption – while adding new tax breaks on tipped wages, overtime pay, Social Security benefits and auto loans that Trump promised during his campaign for the White House. There's also a tripling of the state and local tax deduction, called SALT, from $10,000 up to $30,000 for couples, which certain high-tax state GOP lawmakers from New York and California already rejected as too meager. Private universities would be hit with hefty a new tax on their endowments, as much as 21%, as the Trump administration goes after the Ivy League and other campuses. And one unusual provision would terminate the tax-exempt status of groups the State Department says support “terrorists,” which civil society advocates warn is a way to potentially punish those at odds with the Trump administration. Overall, the package is touching off the biggest political debate over taxes, spending and the nation's priorities in nearly a decade. Not since 2017 has Congress wrestled with legislation as this, when Republicans approved the Trump tax cuts but also failed to repeal and replace the Affordable Care Act, or Obamacare. The cost assessments are only preliminary, and expected to soar. “Republicans need to UNIFY,” Trump posted on social media before departing for a trip to the Middle East. Trump said when he returns to Washington, “we will work together on any and all outstanding issues, but there shouldn’t be many – The Bill is GREAT. We have no alternative, WE MUST WIN!” But one key Republican, Sen. Josh Hawley of Missouri, implored his party not to impair Medicaid, arguing that cutting health care to pay for tax breaks is both “morally wrong and politically suicidal.” “If Republicans want to be a working-class party – if we want to be a majority party – we must ignore calls to cut Medicaid and start delivering on America’s promise for America’s working people,” Hawley wrote in The New York Times. Late Monday, the House Agriculture Committee released its proposals – cutting $290 billion from federal nutrition programs, in part by shifting costs to the states and requiring able-bodied adults without dependents to fulfill work requirements until they are 64 years old, rather than 54, to qualify for food aid. Round-the-clock work ahead As Republicans race toward House Speaker Mike Johnson’s Memorial Day deadline to pass Trump’s big bill, they are preparing to flood the zone with round-the-clock public hearings starting Tuesday and stitch the various sections together in what will become a massive package. The politics ahead are uncertain. The bipartisan Joint Committee on Taxation said Monday that tax breaks would reduce revenue by $4.9 trillion over the decade – and that was before Trump’s new tax breaks were included. Texas Rep. Chip Roy, a member of the conservative House Freedom Caucus, warned the price tag could climb to $20 trillion, piling onto the deficits and debt. “I sure hope House & Senate leadership are coming up with a backup plan,” Roy posted on social media, “…. because I’m not here to rack up an additional $20 trillion in debt over 10 years.” House Republicans have been huddling behind closed doors, working out final provisions in the 389-page tax portion of the package. The legislation proposes to boost the standard deduction many Americans use by $2,000, to $32,000 per household, and increase the child tax credit from $2,000 to $2,500 for four years. It adds a new requirement focused on preventing undocumented immigrants from benefiting from the credit even if the children are U.S. citizens, which the Center on Budget and Policy Priorities, a liberal think tank, estimates would affect 4.5 million children who are U.S. citizens or lawful residents. It would also increase the estate tax exemption, which is now $14 million, to $15 million and index future increases to inflation. As for the president's promises, the legislation includes Trump's “no taxes on tips” pledge, providing a deduction for those workers in service industry and other jobs that have traditionally relied on tips. It directs the Treasury secretary to issue guidance to avoid businesses gaming the system. The package also provides tax relief for automobile shoppers with a temporary deduction of up to $10,000 on car loan interest, applying the benefit only for those vehicles where the final assembly occurred in the United States. The tax break would expire at the end of Trump’s term. For seniors, there would be a bolstered $4,000 deduction on Social Security wages for those with adjusted incomes no higher than $75,000 for individuals and $150,000 for couples. But one hard-fought provision, the deduction for state and local taxes known as SALT, appears to be a work in progress. The legislation proposes lifting the cap to $15,000 for single filers and $30,000 for couples, but with a reduction at higher incomes – about $200,000 for singles and $400,000 for couples. “Still a hell no," wrote Rep. Nick LaLota, R-N.Y., on social media. Battle over Medicaid, food aid Meanwhile, dozens of House Republicans have told Johnson and GOP leaders they will not support cuts to Medicaid, which provides some 70 million Americans with health care, nor to green energy tax breaks that businesses back home have been relying on to invest in new wind, solar and renewable projects. All told, 11 committees in the House have been compiling their sections of the package as Republicans seek at least $1.5 trillion in savings to help cover the cost of preserving the 2017 tax breaks, which are expiring at the end of the year. The final section from the Agriculture Committee proposed cutting the Supplemental Nutrition and Assistance Program, known as SNAP, by expanding work requirements, limiting future expansions of the program and forcing states to shoulder more of the cost. Along with new work requirements for older Americans, it would also require some parents of children older than 7 to work to qualify, down from 18 years old. Only areas with unemployment rates over 10% would be eligible for waivers. Some Republicans have already balked at the increased costs to the states, which be required to contribute at least 5% of the cost of SNAP allotments beginning in 2028. At the same time, the legislation would invest $60 billion in new money for agriculture programs, sending aid to farmers. On Sunday, House Republicans on the Energy and Commerce Committee unveiled the cost-saving centerpiece of the package, with at least $880 billion in cuts largely to Medicaid to help cover the cost of the tax breaks. While Republicans insist they are simply rooting out “waste, fraud and abuse” to generate savings with new work and eligibility requirements, Democrats warn that millions of Americans will lose coverage. In the 15 years since Obamacare became law, Medicaid has only expanded as most states have tapped into federal funds. A preliminary estimate from the nonpartisan Congressional Budget Office said the proposals would reduce the number of people with health care by 8.6 million. To be eligible for Medicaid, there would be new “community engagement requirements” of at least 80 hours per month of work, education or service for able-bodied adults without dependents. People would also have to verify their eligibility to be in the program twice a year, rather than just once. There are substantial cuts proposed for green energy programs and tax breaks, rolling back climate-change strategies from the Biden-era Inflation Reduction Act. ___ Associated Press writers Amanda Seitz, Leah Askarinam and Mary Clare Jalonick contributed to this report. Want to comment on this story? Become a subscriber today. Click here. This article originally appeared on Associated Press: Trump's $4.9 trillion tax plan targets Medicaid to offset costs

Trump's $4.9 trillion tax plan targets Medicaid to offset costs #TrumpTaxPlan #MedicaidCuts #HouseRepublicans

Trump floats raising taxes on the rich to pay for sweeping tax and spending cuts package
#TrumpTaxPlan #TaxTheRich #GOPDebate
www.youtube.com/watch?v=ONzT...

🗣️House GOP Accelerates Trump Tax Plan as Partisan Rifts Deepen📔https://buff.ly/AkST9qS | #congressionalbudget #houserepublicans #immigrationpolicy #jasminecrockett #partisandivide #trumptaxplan

Media Stocks Dip After Trump’s Bombshell Plan To Tax Films Produced Outside The U.S. - Deadline Media Stocks Dip After Trump’s Bombshell Plan To Tax Films Produced Outside The U.S.  Deadline

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Crypto Market Update: Worldcoin expands in US with Visa & Tinder pilot, Vitalik reveals Ethereum 2025 vision, and Trump's tax plan may fuel XRP rally.


#CryptoMarketUpdate #Worldcoin #VisaCard #TinderPilot #Ethereum2025 #VitalikButerin #TrumpTaxPlan

Trump Blocks Global Tax Plan, Threatens Tariffs Over Big Tech – What It Means for the US - #WorldEye

youtu.be/s61WVOPd3pM

#TrumpTaxPlan #GlobalTaxDeal #BillionaireTax #TechTariffs #TrumpNews

🗣️House Divided Over Trump Tax Cuts as Dems Defend Benefits📔todayscraziness.com/2025/04/16/house-divided... | #congressionalgridlock #houseoversight #proxyvoting #socialsecurityreform #trumptaxplan #uslegislation

Trump is making something great again, but it ain’t America.
#TrumpTaxPlan

Start spreading the Republican tax plan around town. It will drive the MAGA cucks crazy.
#TrumpTaxPlan