A $4,000,000,000,000 Beautiful Bill Advances! One More Road To Cross!

Watching our country decline with Donald J. Trump as our president.

Y'all voted for this.

A civil war is coming.

World War III is happening.

It was reported the U.S. Treasury and the White House have restriction fences for the possibility of unrest and protest.

President Donald J. Trump wants the bill signed before July 4th. He wants to have another expensive military parade to celebrate the passage of a controversial spending bill he is expected to sign into law.

The Senate passed the bill under reconciliation with the vice president being the tie breaker to advance it.

The Big Beautiful Bill advances to the House once again. It will be reworked by the members before it will be passed and head to the president's desk for signature.

Republicans will pat themselves on the back after passing the largest domestic spending bill for the second Trump administration.

Two Republicans opposed the bill.

Sens. Thom Tillis (R-NC) and Rand Paul (R-KY) earned the ire of the president.

Vice President JD Vance became the tie breaker. With the 45 Democrats, two independents and two Republicans opposing the bill, Vance had to break the tie to get it through reconciliation.

This bill barely read by both House and Senate members will change the tax code, strip various safety net programs and loosen regulations on many agencies.

It will offer the No Tax on Tips and Overtime. It seems like a good idea until you realize that companies will cap overtime and make it mandatory that no worker stays over the recommended amount of time. It also doesn't help if servers or assistants are not paid in cash. Credit cards are still a taxable income. The bank fees that former president Joe Biden had capped will return and the bill will certainly rollback the Inflation Reduction Act policies enacted.

The tax code imposed by the first Trump Administration will be permanent.

As it currently stands, the Senate reconciliation bill is likely to add $3.5 to $4.2 trillion to the debt through Fiscal Year (FY) 2034, based on our estimates. The debt impact could rise as high as $4.5 trillion if various rumored adjustments are made. That’s $500 billion to $1.5 trillion more in borrowing than under the House-passed bill and will mean the Senate is likely out of compliance with the House reconciliation instructions.

The bill will offer more military spending for the Defense Department and the apartheid ethnostate of Israel. Unknown if Ukraine will get military aid.

The bill has very large cuts to federal government spending, but it has even greater cuts to taxes. So overall, it’s projected to increase the yearly federal deficit by around $230 billion or 10%. (That’s so large that the global bond market has begun to reassess U.S. bonds, making the national debt even more expensive to keep up interest payments.) The last provision of the bill increases the statutory limit to the national debt by $4 trillion.

Vance swooped in the pass Republican bill.

Some of the biggest cuts are in the low income food assistance program SNAP and medical assistance program Medicaid, in part through cuts and in part by making it harder for Americans to get the assistance.

But about half of those savings to the federal government are offset by increased funding for the military, border barriers (presumably on the border with Mexico), immigration enforcement, and immigration detention facilities, based on the latest Congressional Budget Office (CBO) estimate.

The biggest change is to taxes: higher for low-income earners and lower for high-income earners. CBO estimated that “household resources,” meaning mostly household income but also federal benefits, would decrease by around 4% for the lowest earners and increase by the same amount for the highest earning households. That includes a higher “SALT” tax deduction, which benefits high income earners in high-tax states, restoring it to roughly how it was before  Trump’s 2017 tax cuts. The tax cuts are the main reason the bill adds to the deficit.

Other changes include repeals of laws and funding for green energy, bans on transgender care (originally limited to minors, then expanded to all people) and abortion. The bill also includes a provision limiting the enforcement of court orders against the government.