Timothy Birndow

One big beautiful law (assuming it passes in the Senate, of course)!

House Passes One Big Beutiful Bill

The Bill passed 215 to 214 and 1, with Thomas Massie and Warren Davisson of Ohio being the two turncoats.And Freedom Caucus Chairman Andy Harris voted "present".

Not sure what Massie thinks he was going to accomplish by killing this bill. All that would do is raise taxes on everyone.

Now it's up to John Thune and his merry crash of Rinosceri to put this thing on Mr. Trump's desk and in short order.

One Big Beautiful Billi (OBcubed) isn't that much of a victory as it enshrines much of the Biden spending, but it's a start anyway.

Here are some of the goodies in the bill, as chronicled by the Daily Caller News Foundation:

Congressional Republicans are aiming to get the bill to the president’s desk by July 4. Treasury Secretary Scott Bessent has saidGOP lawmakers must act quickly to avoid a scenario where the U.S. government could default on its debt, which could come as soon as mid-July. The massive piece of legislation includes a $4 trillion increase in the debt limit.

The bill’s passage followed eleventh-hour changes to the sprawling package to get the conference’s holdouts on board.

Last-minute reforms to the bill include the accelerated implementation of Medicaid work requirements to Dec. 31, 2026, moving up the phase out of tax breaks for wind, solar and battery storage to 2028 and raising the state and local tax deduction cap to $40,000 from $10,000 for households earning up to $500,000 annually, which primarily benefits individuals living in high-tax blue states.

The budget reconciliation bill also extends the expiring provisions of the president’s 2017 tax cuts and delivers on several Trump campaign promisesby including provisions eliminating taxes on tips and overtime pay while enacting a larger tax break available to Americans age 65 or older. The spending package will also devote more than $100 billion in new funding for border security and immigration enforcement and boost defense spending by nearly $150 billion.

House Republicans notably exceeded their target to slash spending by $1.5 trillion over a ten-year period in the budget bill.

A majority of the savings come from reducing federal spending on Medicaid and the Supplemental Nutrition Assistance Program while phasing out green energy tax credits.

Johnson gave a special shoutout to House Rules Committee chairman Virginia Foxx of North Carolina, dubbing her the "iron lady of the House,” after she presided over a 22-hour long session to advance the bill from the rules panel with just two short breaks.

Posted by: Timothy Birdnow at 09:01 AM | No Comments | Add Comment
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