Here's what's in the GOP megabill that's just passed the House.
Extending the Trump tax cuts, No taxes on tips or overtime, increase the state and local tax deduction, changes to Medicaid — the joint federal/state health care program for low-income, elderly and disabled Americans to include new work requirements, changes to the Supplemental Nutrition Assistance Program, SNAP, which benefits more than 40 million low-income Americans, increases the amount states contribute to the program and mandates work requirements; raise the nation's debt limit by $4 trillion; dramatically scaling back many of the tax credits for clean energy (ends the $7,500 credit for buying an electric car, and also phases out credits for producing or investing in renewable energy sources such as solar and wind)...
More than two-thirds of the total tax cuts would go to those with annual incomes of about $217,000 or more, the center said. Those with incomes of $1.1 million or more would get nearly a fourth of the cuts.
119th CONGRESS 1st Session H.R.1, To provide for reconciliation pursuant to title II of H. Con. Res. 14. This Act may be cited as the ``One Big Beautiful Bill Act''.
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Affordability gap: Most Americans not making enough to cover bas
Affordability gap: Most Americans not making enough to cover basic costs of living
How Much Money Do Americans
How Much Money Do Americans Need To Be Comfortable?
Maybe it should be called
Maybe it should be called "the Big Budget Bomb."
Biden's "Inflation Reduction Act was expected to cost about $500 billion over 10 years, and it paid for all of that spending — and more — through tax increases."
Obama's "Affordable Care Act was expected to cost about a trillion dollars over 10 years — all of it, again, paid for."
But Trump's "the Big Budget Bomb exists in a class by itself. Even a naïve analysis, one that buys into some very obvious Republican budget tricks, finds that this bill, as it exists on May 21, cuts taxes and raises spending by more than $4 trillion over 10 years — but only pays for about $1.5 trillion of that."
KMTV, Omaha Nebraska, Section
KMTV, Omaha Nebraska, Section 70302,
"No court of the United States may use appropriated funds to enforce a contempt citation for failure to comply with an injunction or temporary restraining order if no security was given when the injunction or order was issued pursuant to Federal Rule of Civil Procedure 65(c), whether issued prior to, on, or subsequent to the date of enactment of this section."
That line would allow officials to ignore judicial orders without the consequences of being held in contempt, and the provision would be retroactive to any current injunction or restraining orders placed on the Trump administration.