The US House chamber cleared Trump’s sprawling “One Big Beautiful Bill Act” package in a 215-214 early-morning vote today, after days of marathon meetings, intense negotiations that spanned both ends of Pennsylvania Avenue, and a series of last-minute changes
Thanks for the comprehensive report, Diane. The revenue from tariffs will help to pay down the debt. Kevin Hassett, who leads President Trump’s National Economic Council approves of the bill’s details, so the Great Big Beautiful Bill is okayed by me. Guess that dead Democrat congressman finally cast a posthumous vote for a Republican bill.
Thank you for the great summary Diane! What are your thoughts on the increase in the debt ceiling? It’s a bit disappointing. Any insight into the rationale? Thanks!
I have no insight. Perhaps the savings from DOGE discoveries will not make it necessary to "use" the extra debt ceiling. Also, when the Trump economy roars, we are likely to see more revenue flowing into the treasury, not less.
Had that one Congressman lived to cast a vote, and it would have been a tie. JD Vance can't break a House tie; only a Senate tie. Why would a House tie kill a bill? Why dooesn't a House tie PASS a bill? How come nobody breaks a House tie?
I don't get that, but I suppose our Founding Fathers wanted it that way. You would have to look up as to why it is this way, and why no one can break House ties.
So, if you're on social security, you're still screwed. I didn't think they'd take the taxes off of it, anyway. I guess people were lucky to get what they got. I really had hope for awhile. Should have known better. Won't make that mistake again.
I agree! Perhaps the savings from DOGE discoveries will not make it necessary to "use" the extra debt ceiling. Also, when the Trump economy roars, we are likely to SEE more revenue flowing into the treasury, not less.
Great article, Diane. Everything in one place. Increasing the debt ceiling is a problem, however it would have been done later this year anyway, so I suppose it's a wash. One thing you didn't mention, removing suppressors from NFA made the cut. I didn't read about short barrel rifles and shotguns, but I think that made it too. Reinforcing the 2nd Amendment!
I agree! Perhaps the savings from DOGE discoveries will not make it necessary to "use" the extra debt ceiling. Also, when the Trump economy roars, we are likely to SEE more revenue flowing into the treasury, not less.
The DOGE cuts are not in the bill according to what I heard the other day. To cancel paying the tax on social security, you have to change the social security contract. This will need another bill if they want to do that. Yes, we paid tax on our social security for 2024, and the $4000 doesn't cut it. In addition, there were 2 Republicans who were sleeping that didn't vote either so the Dems wouldn't have stopped it either.
Thanks for the comprehensive report, Diane. The revenue from tariffs will help to pay down the debt. Kevin Hassett, who leads President Trump’s National Economic Council approves of the bill’s details, so the Great Big Beautiful Bill is okayed by me. Guess that dead Democrat congressman finally cast a posthumous vote for a Republican bill.
Great post... Increased tax revenues, tariffs, and reduced waste (read theft) will act over time to reduce the deficit.
Thank you for the great summary Diane! What are your thoughts on the increase in the debt ceiling? It’s a bit disappointing. Any insight into the rationale? Thanks!
I have no insight. Perhaps the savings from DOGE discoveries will not make it necessary to "use" the extra debt ceiling. Also, when the Trump economy roars, we are likely to see more revenue flowing into the treasury, not less.
Had that one Congressman lived to cast a vote, and it would have been a tie. JD Vance can't break a House tie; only a Senate tie. Why would a House tie kill a bill? Why dooesn't a House tie PASS a bill? How come nobody breaks a House tie?
Geez, I don't know! A tie is death for a bill in the House.
I don't get that, but I suppose our Founding Fathers wanted it that way. You would have to look up as to why it is this way, and why no one can break House ties.
So, if you're on social security, you're still screwed. I didn't think they'd take the taxes off of it, anyway. I guess people were lucky to get what they got. I really had hope for awhile. Should have known better. Won't make that mistake again.
ALL taxpayers are helped with the extension of Trump's 2017 tax cuts, especially renters.
I do not agree with increasing the debt limit. That is a big NO for me.
I agree! Perhaps the savings from DOGE discoveries will not make it necessary to "use" the extra debt ceiling. Also, when the Trump economy roars, we are likely to SEE more revenue flowing into the treasury, not less.
Great article, Diane. Everything in one place. Increasing the debt ceiling is a problem, however it would have been done later this year anyway, so I suppose it's a wash. One thing you didn't mention, removing suppressors from NFA made the cut. I didn't read about short barrel rifles and shotguns, but I think that made it too. Reinforcing the 2nd Amendment!
I agree! Perhaps the savings from DOGE discoveries will not make it necessary to "use" the extra debt ceiling. Also, when the Trump economy roars, we are likely to SEE more revenue flowing into the treasury, not less.
The DOGE cuts are not in the bill according to what I heard the other day. To cancel paying the tax on social security, you have to change the social security contract. This will need another bill if they want to do that. Yes, we paid tax on our social security for 2024, and the $4000 doesn't cut it. In addition, there were 2 Republicans who were sleeping that didn't vote either so the Dems wouldn't have stopped it either.
Sleeping? Good grief! They have ONE job and they can't show up to vote on a GOP president's signature bill??????
So, who can make changes to Social Security if not Congress ?
Apparently, ONLY the senate via changes to Social Security. EEEEEEEEEEEEK!
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