Author Topic: Musk Lambasting BIG Beautiful Bill  (Read 7636 times)

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Offline Dee

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #30 on: July 02, 2025, 04:35:44 PM »
And the senate put so much pork in it its not recognizable. The Republicans are as bad about spending, and  pork as the democrats.
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Offline Lloyd Smale

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #31 on: July 02, 2025, 10:30:04 PM »
dont even know why this post is here. same thing is covered in the other musk post. ill just copy and paste my reply from that one ;) theres just some who if handed a 1000 bucks for free would bitch its taxable or they werent given 2k. personally i could care less what musk says and the fact is weve had a national debt since i was born and will when my grandkids are my age. personally im doing fine and will be still doing fine with this bill passed. maybe even a smidge finer ;) raise your hand if the same isnt true for you. if you cant raise your hand than quit crying. if you did raise it your about admitting your on medicate and shouldnt be, an illegal, dont want a strong military or energy independence dont like trump or a lib that just doesnt like this country or more likely the truth, you just like to wine. You should be on your knees thanking God for guiding our president and passing the single most important bill that was ever passed.


from the other thread
"the increase in debt doesnt factor in the tariff savings that could actually pay down the debt. its mostly just the left raising hell. no do i think some of this bill is wrong? yup. but there is a lot more right than wrong. musk is joining the smoke and mirrors crowd because its costing him big bucks personally. if you EVER thought he really cared about YOU put down the crack pipe. now will the tariff savings be spent wisely? You and i can ONLY GUESS! unless someone here understands government more than me or has an inside track. this bill my not be perfect but its the best thing that was (if it is) passed it the best piece of legislation out of DC in our lifetimes. it funds more border security, police, cuts a lot of the insane green agenda and subsidies for ev;s, allows regulations hamstringing energy production and even puts a few more bucks in my wallet. cant see alot to complain about. fact is nothings perfect. but just think of the alternative. what would we be discussing if harris would have won!!! with energy and the border being top priorities id think texas has more to gain than about any state."
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Offline Goldie

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #32 on: July 02, 2025, 11:43:02 PM »
The only thing I know is government is too big, always has been, and as long as liberals and rhinos are in charge it will never change.

Offline Dee

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #33 on: July 02, 2025, 11:45:52 PM »
The only thing I know is government is too big, always has been, and as long as liberals and rhinos are in charge it will never change.

Agreed. Or one could be that frog in the pot of cool water when they turn the burner on. 8)
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Offline Goldie

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #34 on: July 03, 2025, 12:08:47 AM »
The only thing I know is government is too big, always has been, and as long as liberals and rhinos are in charge it will never change.

Agreed. Or one could be that frog in the pot of cool water when they turn the burner on. 8)
Yes Sir plenty of frogs and some good frog legs sounds good to me. They do taste like chicken you know? But you have to have good bait to get the big fat ones.

Offline Lloyd Smale

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #35 on: July 03, 2025, 12:46:46 AM »
so whos going to change it? got someone youd rather see in there than trump? government is exactly what people vote for. whos running things are who the majority wants. i obviously dont believe in what the left stands for but there a force and have the same rights as me. its not government officials that are the real blame. its voters that put them there and allowed them to waste money and steal for decades. you sure arent the one thats going to change that overnight. Be thankful we FINALLY have a president that is at least trying and like i said is the best president for texas EVER!! either that or keep pissing and moaning because that will surely change things ::)
The only thing I know is government is too big, always has been, and as long as liberals and rhinos are in charge it will never change.
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Offline Goldie

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #36 on: July 03, 2025, 01:53:00 AM »
Trying to start another argument motor mouth? Or just bored with your self?

Offline Lloyd Smale

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #37 on: July 03, 2025, 03:17:48 AM »
not me thats getting personal ;) but thats what happens when you have nothing of substance to dispute my post
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Offline Goldie

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #38 on: July 03, 2025, 03:36:51 AM »
I think the majority on here pretty much figured out who instigates problems with others. What I can't figure out is why?

Offline DDZ

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #39 on: July 03, 2025, 03:52:33 AM »
Without state and federal tax credits and subsidies for Tesla. Tesla would not be selling many cars. Just Trump threatening to remove federal subsidies from Tesla caused its stock to drop 5%. Without the aid of government money a Tesla would cost 100K. Musk has the audacity to bitch about Trumps bill when he has been getting free rides from state and federal governments for years.
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Offline Lloyd Smale

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #40 on: July 03, 2025, 04:03:36 AM »
FACT
Without state and federal tax credits and subsidies for Tesla. Tesla would not be selling many cars. Just Trump threatening to remove federal subsidies from Tesla caused its stock to drop 5%. Without the aid of government money a Tesla would cost 100K. Musk has the audacity to bitch about Trumps bill when he has been getting free rides from state and federal governments for years.
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Offline Lloyd Smale

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #41 on: July 03, 2025, 04:04:45 AM »
I think the majority on here pretty much figured out who instigates problems with others. What I can't figure out is why?
and here you are stirring the pot. i said NOTHING ABOUT YOU!!
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Offline gypsyman

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #42 on: July 03, 2025, 04:08:42 AM »
  The economy has become so complicated in the last 60+ years, does any one person know exactly the right thing to do to fix it. Trump is hammering on Powell, the Federal Reserve chairman to drop interest rates or quit. That would help out people thinking of buying a home if their interest rates wasn't so high. And I still see Musk's concern, the bill still contains a lot of pork. Now, will Trump's tariff's help, seems like at this point things are looking better. Inflation is still down, stock market is up. Will it continue, hope so. One thing that comes to mind, and said it before. It wasn't the farmer, rancher, auto worker, construction worker,etc., that put us in the Great Depression in '29. It was 3 piece business suits, businessman, politicians and bankers that did. Hope they learned their lesson.
We keep trying peace, it usually doesn't work!!Remember(12/7/41)(9/11/01) gypsyman
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Offline Dee

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #43 on: July 03, 2025, 06:36:17 AM »
I've voted for Trump 3 times, but I don't feel traitorous, or that I'm whining if I don't fully agree with him on everything he says or does. I don't blindly follow anyone, or anything, but I understand that some do. And that is how we got to where we are now.

The biggest problem I see with this current governing party is the same thing I've seen for the last 50+ years. CONGRESS!
And that's what I've been saying for the last 50+ years.

This enormous conglomeration of pork will sort of get Trump what he wants now, but the pork will be thrown onto the gargantuan pile of pork already there makin the DOGE cuts nuthin more than "a window dressing exercise of futility" and long after Trump gets what he wants the taxpayers will be suffering with the pork debt and Trump will be gone in 3 1/2 years.
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Offline Goldie

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #44 on: July 03, 2025, 09:13:38 AM »
Well just seen where the bill passed. I guess only the big guy above knows what is in store for us and our grandkids down the line. You have to give Trump credit for the giant bill. I'm ready for this wall to be finished down here, and our military being rebuilt also. Just hope he's right about recouping from tarrifs and all the money that will be floating around now.

Online Graybeard

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What's in Trump's Big Bill, Soon to Become Law?
« Reply #45 on: July 03, 2025, 11:08:42 AM »
https://www.newsmax.com/politics/what-is-republican-trump-tax-bill/2025/07/03/id/1217522/

Please point out just which part of the below is pork and if not in the below then from your reading of the bill what is the pork?

It's NOT pork. This was primarily a tax bill not a spending bill and has zero discretionary spending in it. Spending is limited to a very few items. Mostly for the border control efforts, getting rid of illegals and to boost military spending. Note what I highlighted in color below that you all have been wanting.

Quote
Republicans muscled President Donald Trump's tax and spending cut bill through the House on Thursday, the final step necessary to get the bill to his desk by the GOP's self-imposed deadline of July 4th.

At nearly 900 pages, the legislation, reportedly set for a Friday, 5 p.m. ET signing by Trump,  is a sprawling collection of tax breaks, spending cuts and other Republican priorities. That includes new money for national defense and deportations.

Democrats united against the legislation, but were powerless to stop it as long as Republicans stayed united. The Senate passed the bill, with Vice President JD Vance casting the tiebreaking vote. The House passed an earlier iteration of the bill in May with just one vote to spare. It passed the final version 218-214.

Here's the latest on what's in the bill.

Republicans say the bill is crucial because there would be a massive tax increase after December when tax breaks from Trump's first term expire. The legislation contains about $4.5 trillion in tax cuts.

The existing tax rates and brackets would become permanent under the bill, solidifying the tax cuts approved in Trump's first term.

It temporarily would add new tax deductions on tip, overtime and auto loans. There's also a $6,000 deduction for older adults who earn no more than $75,000 a year, a nod to his pledge to end taxes on Social Security benefits.

It would boost the $2,000 child tax credit to $2,200. Millions of families at lower income levels would not get the full credit.

A cap on state and local deductions, called SALT, would quadruple to $40,000 for five years. It's a provision important to New York and other high tax states, though the House wanted it to last for 10 years.

There are scores of business-related tax cuts, including allowing businesses to immediately write off 100% of the cost of equipment and research. Proponents say this will boost economic growth.

The wealthiest households would see a $12,000 increase from the legislation, and the bill would cost the poorest people $1,600 a year, mainly due to reductions in Medicaid and food aid, according to the nonpartisan Congressional Budget Office analysis of the House's version.

The bill would provide some $350 billion for Trump's border and national security agenda, including for the U.S.-Mexico border wall and for 100,000 migrant detention facility beds, as he aims to fulfill his promise of the largest mass deportation operation in U.S. history.

Money would go for hiring 10,000 new Immigration and Customs Enforcement officers, with $10,000 signing bonuses and a surge of Border Patrol officers, as well. The goal is to deport some 1 million people per year.

To help pay for it, immigrants would face various new fees, including when seeking asylum protections.

For the Pentagon, the bill would provide billions for ship building, munitions systems, and quality of life measures for servicemen and women, as well as $25 billion for the development of the Golden Dome missile defense system. The Defense Department would have $1 billion for border security.

To help partly offset the lost tax revenue and new spending, Republicans aim to cut back on Medicaid and food assistance for people below the poverty line .

Republicans argue they are trying to rightsize the safety net programs for the population they were initially designed to serve, mainly pregnant women, the disabled and children, and root out what they describe as waste, fraud and abuse.

The package includes new 80-hour-a-month work requirements for many adults receiving Medicaid and food stamps, including older people up to age 65. Parents of children 14 and older would have to meet the program’s work requirements.

There's also a proposed new $35 co-payment that can be charged to patients using Medicaid services.

More than 71 million people rely on Medicaid, which expanded under Obama's Affordable Care Act, and 40 million use the Supplemental Nutrition Assistance Program. Most already work, according to analysts.

The Congressional Budget Office estimates that 11.8 million more Americans would become uninsured by 2034 if the bill became law and 3 million more would not qualify for food stamps, also known as SNAP benefits.

Republicans are looking to have states pick up some of the cost for SNAP benefits. Currently, the federal government funds all benefit costs. Under the bill, states beginning in 2028 will be required to contribute a set percentage of those costs if their payment error rate exceeds 6%. Payment errors include both underpayments and overpayments.

But the Senate bill temporarily delays the start date of that cost-sharing for states with the highest SNAP error rates. Alaska has the highest error rate in the nation at nearly 25%, according to Department of Agriculture data.

Sen. Lisa Murkowski, R-Alaska, had fought for the exception. She was a decisive vote in getting the bill through the Senate.

Republicans are proposing to dramatically roll back tax breaks designed to boost clean energy projects fueled by renewable sources such as energy and wind. The tax breaks were a central component of President Joe Biden's 2022 landmark bill focused on addressing climate change and lowering health care costs.

Democrat Oregon Sen. Ron Wyden went so far as to call the GOP provisions a “death sentence for America’s wind and solar industries and an inevitable hike in utility bills.”

A tax break for people who buy new or used electric vehicles would expire on Sept. 30 of this year, instead of at the end of 2032 under current law.

Meanwhile, a tax credit for the production of critical materials will be expanded to include metallurgical coal used in steelmaking.

A number of extra provisions reflect other GOP priorities.

The bill creates a new children's savings program, called Trump Accounts, with a potential $1,000 deposit from the Treasury.

The Senate provided $40 million to establish Trump’s long-sought “National Garden of American Heroes.”

There's a new excise tax on university endowments and a new tax on remittances, or transfers of money that people in the U.S. send abroad. The tax is equal to 1% of the transfer.

A $200 tax on gun silencers and short-barreled rifles and shotguns was eliminated.

One provision bars for one year Medicaid payments to family planning providers that provide abortions, namely Planned Parenthood.

Another section expands the Radiation Exposure Compensation Act, a hard-fought provision from GOP Sen. Josh Hawley of Missouri, for those impacted by nuclear development and testing.

Billions would go for the Artemis moon mission and for the exploration of Mars, while $88 million is earmarked for a pandemic response accountability committee.

Additionally, a provision would increase the nation's debt limit, by $5 trillion, to allow continued borrowing to pay already accrued bills.

The Senate overwhelmingly revolted against a proposal meant to deter states from regulating artificial intelligence. Republican governors across the country asked for the moratorium to be removed and the Senate voted to do so with a resounding 99-1 vote.

A provision was thrown in at the final hours that will provide $10 billion annually to rural hospitals for five years, or $50 billion in total. The Senate bill had originally provided $25 billion for the program, but that number was upped to win over holdout GOP senators and a coalition of House Republicans warning that reduced Medicaid provider taxes would hurt rural hospitals.

The amended bill also stripped out a new tax on wind and solar projects that use a certain percentage of components from China.

Altogether, the Congressional Budget Office projects that the bill would increase federal deficits over the next 10 years by nearly $3.3 trillion from 2025 to 2034.

Or not, depending on how one does the math. Senate Republicans are proposing a unique strategy of not counting the existing tax breaks as a new cost because those breaks are already “current policy.” Republican senators say the Senate Budget Committee chairman has the authority to set the baseline for the preferred approach.

Under the alternative Senate GOP view, the bill would reduce deficits by almost half a trillion dollars over the coming decade, the CBO said.

Democrats say this is “magic math” that obscures the true costs of the tax breaks. Some nonpartisan groups worried about the country's fiscal trajectory are siding with Democrats in that regard.

The Committee for a Responsible Federal Budget says Senate Republicans were employing an “accounting gimmick that would make Enron executives blush.”


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Offline ironglowz

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #46 on: July 03, 2025, 11:22:39 AM »
  While I can understand Musk's frustration, perhaps he should keep in mind that running a constitutional republic, is not like being CEO of a corporation.  A CEO can just about dictate the course, while a president cannot do so.

  Or perhaps Gypsyman is onto a game being played between Musk and the Pres... to thwart the Dems once more... 

  When it comes to the house or the senate..majority still rules, and each member has his/her own pet hobby horse !  Then of course, there is the Trump Derangement Syndrome.

   With such a narrow margin and some Republicans who seem to enjoy upsetting the apple cart, perhaps it is time to primary some of them.

    https://rollcall.com/2025/04/02/four-republicans-help-democrats-pass-measure-to-end-canadian-tariffs/

Offline Dee

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Re: What's in Trump's Big Bill, Soon to Become Law?
« Reply #47 on: July 03, 2025, 12:05:58 PM »
https://www.newsmax.com/politics/what-is-republican-trump-tax-bill/2025/07/03/id/1217522/

Please point out just which part of the below is pork and if not in the below then from your reading of the bill what is the pork?

It's NOT pork. This was primarily a tax bill not a spending bill and has zero discretionary spending in it. Spending is limited to a very few items. Mostly for the border control efforts, getting rid of illegals and to boost military spending. Note what I highlighted in color below that you all have been wanting.

Quote
Republicans muscled President Donald Trump's tax and spending cut bill through the House on Thursday, the final step necessary to get the bill to his desk by the GOP's self-imposed deadline of July 4th.

At nearly 900 pages, the legislation, reportedly set for a Friday, 5 p.m. ET signing by Trump,  is a sprawling collection of tax breaks, spending cuts and other Republican priorities. That includes new money for national defense and deportations.

Democrats united against the legislation, but were powerless to stop it as long as Republicans stayed united. The Senate passed the bill, with Vice President JD Vance casting the tiebreaking vote. The House passed an earlier iteration of the bill in May with just one vote to spare. It passed the final version 218-214.

Here's the latest on what's in the bill.

Republicans say the bill is crucial because there would be a massive tax increase after December when tax breaks from Trump's first term expire. The legislation contains about $4.5 trillion in tax cuts.

The existing tax rates and brackets would become permanent under the bill, solidifying the tax cuts approved in Trump's first term.

It temporarily would add new tax deductions on tip, overtime and auto loans. There's also a $6,000 deduction for older adults who earn no more than $75,000 a year, a nod to his pledge to end taxes on Social Security benefits.

It would boost the $2,000 child tax credit to $2,200. Millions of families at lower income levels would not get the full credit.

A cap on state and local deductions, called SALT, would quadruple to $40,000 for five years. It's a provision important to New York and other high tax states, though the House wanted it to last for 10 years.

There are scores of business-related tax cuts, including allowing businesses to immediately write off 100% of the cost of equipment and research. Proponents say this will boost economic growth.

The wealthiest households would see a $12,000 increase from the legislation, and the bill would cost the poorest people $1,600 a year, mainly due to reductions in Medicaid and food aid, according to the nonpartisan Congressional Budget Office analysis of the House's version.

The bill would provide some $350 billion for Trump's border and national security agenda, including for the U.S.-Mexico border wall and for 100,000 migrant detention facility beds, as he aims to fulfill his promise of the largest mass deportation operation in U.S. history.

Money would go for hiring 10,000 new Immigration and Customs Enforcement officers, with $10,000 signing bonuses and a surge of Border Patrol officers, as well. The goal is to deport some 1 million people per year.

To help pay for it, immigrants would face various new fees, including when seeking asylum protections.

For the Pentagon, the bill would provide billions for ship building, munitions systems, and quality of life measures for servicemen and women, as well as $25 billion for the development of the Golden Dome missile defense system. The Defense Department would have $1 billion for border security.

To help partly offset the lost tax revenue and new spending, Republicans aim to cut back on Medicaid and food assistance for people below the poverty line .

Republicans argue they are trying to rightsize the safety net programs for the population they were initially designed to serve, mainly pregnant women, the disabled and children, and root out what they describe as waste, fraud and abuse.

The package includes new 80-hour-a-month work requirements for many adults receiving Medicaid and food stamps, including older people up to age 65. Parents of children 14 and older would have to meet the program’s work requirements.

There's also a proposed new $35 co-payment that can be charged to patients using Medicaid services.

More than 71 million people rely on Medicaid, which expanded under Obama's Affordable Care Act, and 40 million use the Supplemental Nutrition Assistance Program. Most already work, according to analysts.

The Congressional Budget Office estimates that 11.8 million more Americans would become uninsured by 2034 if the bill became law and 3 million more would not qualify for food stamps, also known as SNAP benefits.

Republicans are looking to have states pick up some of the cost for SNAP benefits. Currently, the federal government funds all benefit costs. Under the bill, states beginning in 2028 will be required to contribute a set percentage of those costs if their payment error rate exceeds 6%. Payment errors include both underpayments and overpayments.

But the Senate bill temporarily delays the start date of that cost-sharing for states with the highest SNAP error rates. Alaska has the highest error rate in the nation at nearly 25%, according to Department of Agriculture data.

Sen. Lisa Murkowski, R-Alaska, had fought for the exception. She was a decisive vote in getting the bill through the Senate.

Republicans are proposing to dramatically roll back tax breaks designed to boost clean energy projects fueled by renewable sources such as energy and wind. The tax breaks were a central component of President Joe Biden's 2022 landmark bill focused on addressing climate change and lowering health care costs.

Democrat Oregon Sen. Ron Wyden went so far as to call the GOP provisions a “death sentence for America’s wind and solar industries and an inevitable hike in utility bills.”

A tax break for people who buy new or used electric vehicles would expire on Sept. 30 of this year, instead of at the end of 2032 under current law.

Meanwhile, a tax credit for the production of critical materials will be expanded to include metallurgical coal used in steelmaking.

A number of extra provisions reflect other GOP priorities.

The bill creates a new children's savings program, called Trump Accounts, with a potential $1,000 deposit from the Treasury.

The Senate provided $40 million to establish Trump’s long-sought “National Garden of American Heroes.”

There's a new excise tax on university endowments and a new tax on remittances, or transfers of money that people in the U.S. send abroad. The tax is equal to 1% of the transfer.

A $200 tax on gun silencers and short-barreled rifles and shotguns was eliminated.

One provision bars for one year Medicaid payments to family planning providers that provide abortions, namely Planned Parenthood.

Another section expands the Radiation Exposure Compensation Act, a hard-fought provision from GOP Sen. Josh Hawley of Missouri, for those impacted by nuclear development and testing.

Billions would go for the Artemis moon mission and for the exploration of Mars, while $88 million is earmarked for a pandemic response accountability committee.

Additionally, a provision would increase the nation's debt limit, by $5 trillion, to allow continued borrowing to pay already accrued bills.

The Senate overwhelmingly revolted against a proposal meant to deter states from regulating artificial intelligence. Republican governors across the country asked for the moratorium to be removed and the Senate voted to do so with a resounding 99-1 vote.

A provision was thrown in at the final hours that will provide $10 billion annually to rural hospitals for five years, or $50 billion in total. The Senate bill had originally provided $25 billion for the program, but that number was upped to win over holdout GOP senators and a coalition of House Republicans warning that reduced Medicaid provider taxes would hurt rural hospitals.

The amended bill also stripped out a new tax on wind and solar projects that use a certain percentage of components from China.

Altogether, the Congressional Budget Office projects that the bill would increase federal deficits over the next 10 years by nearly $3.3 trillion from 2025 to 2034.

Or not, depending on how one does the math. Senate Republicans are proposing a unique strategy of not counting the existing tax breaks as a new cost because those breaks are already “current policy.” Republican senators say the Senate Budget Committee chairman has the authority to set the baseline for the preferred approach.

Under the alternative Senate GOP view, the bill would reduce deficits by almost half a trillion dollars over the coming decade, the CBO said.

Democrats say this is “magic math” that obscures the true costs of the tax breaks. Some nonpartisan groups worried about the country's fiscal trajectory are siding with Democrats in that regard.

The Committee for a Responsible Federal Budget says Senate Republicans were employing an “accounting gimmick that would make Enron executives blush.”

Well,  that's is certainly a condensed positive points of a 940 page BBB. Wonder what was on the other  939 pages? No one other than them knows, and them ain't sayin. :-\
Hard times create strong men. Strong men create good times. Good times create weak men. Weak men create hard times.

Online Graybeard

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #48 on: July 03, 2025, 01:31:38 PM »
It is available to read online if you wish to do so. Number of pages was 890 I think, well under 900 for sure.

It was primarily a TAX bill to lower income taxes everyone who actually pays taxes has to pay. It accomplished that mission. It had some specific funding in it mostly for the military and border, hires 5000 new folks to help rid us of the illegals, cuts illegals off from medicaid and I think social security.

Personally for me it lowers my tax bill from what it would have been had the bill not passed by $1500-$1750. When the initial tax cut happened it lowered my taxes by that much and now those cuts are made permanent. Plus it increased the standard deduction and gives us old farts another $6000 deduction to offset income tax on social security.

I don't care for the $40,000 SALT deductions but they sunset in 5 years. But there was no way to get the senators and representatives from super high tax states to vote for it without them.


Bill aka the Graybeard
President, Graybeard Outdoor Enterprises
256-435-1125

I am not a lawyer and do not give legal advice.

Jesus is the way, the truth, and the life anyone who believes in Him will have everlasting life!

Offline Dee

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #49 on: July 03, 2025, 02:05:32 PM »
It is available to read online if you wish to do so. Number of pages was 890 I think, well under 900 for sure.

It was primarily a TAX bill to lower income taxes everyone who actually pays taxes has to pay. It accomplished that mission. It had some specific funding in it mostly for the military and border, hires 5000 new folks to help rid us of the illegals, cuts illegals off from medicaid and I think social security.

Personally for me it lowers my tax bill from what it would have been had the bill not passed by $1500-$1750. When the initial tax cut happened it lowered my taxes by that much and now those cuts are made permanent. Plus it increased the standard deduction and gives us old farts another $6000 deduction to offset income tax on social security.

I don't care for the $40,000 SALT deductions but they sunset in 5 years. But there was no way to get the senators and representatives from super high tax states to vote for it without them.

I hope your right, and it's what they say it is.
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Online Graybeard

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #50 on: July 03, 2025, 05:01:46 PM »
Just tonight listening to Trump speaking in Iowa he said it also did away with the inheritance tax or death tax as many call it. I had not heard that until tonight. Not that I have that much for my kids to inherit but whatever I leave they won't be taxed on it.


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Offline Lloyd Smale

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #51 on: July 03, 2025, 11:29:33 PM »
there always was a one time non taxable inheritance allowance. when my ma died all their money and the ale of their home was split evenly between the 6 of us and we didnt have to pay tax on it. i dont know if there is a limit on it but even so i doubt any of us would break that limit. what you couldnt do is say give your kid a 100k to bail him out while your alive and turn around 6 months from now and do the same. if i understand it correctly the second time it would be taxable income
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Offline Dee

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #52 on: July 03, 2025, 11:51:46 PM »
When my mother and dad died there was no inheritance tax on what they left.
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Online Graybeard

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #53 on: July 04, 2025, 02:09:16 AM »
Just looked it up, estate has to be over $14 million for year 2024 to have to pay inheritance tax. So that change does impact only rich folks.


Bill aka the Graybeard
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I am not a lawyer and do not give legal advice.

Jesus is the way, the truth, and the life anyone who believes in Him will have everlasting life!

Offline Dixie-Dude

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #54 on: July 04, 2025, 02:24:30 AM »
I do like the 1% tax on money transfers out of the country.  Should be more, but it has to start somewhere.  Tariffs and tax on money transfers would help offset the income tax cuts. 

Most of the money NASA is getting is to pay for just two more of the large SLS rockets which are about $4 billion apiece.  This is totally stupid.  Musk and Bezos for that matter now have rockets MUCH cheaper.  NASA should design payloads around these.  Of course SLS rockets use solid fueled non-reusable boosters made by Northrop-Grumman and the core tankage made by Boeing.  Lockheed-Martin makes the capsule (which is also having problems).  Old school aircraft companies who make a lot of money through the Defense Department.  NASA and these contractors have been building these SLS rockets for the last 15 years and it has only launched once.  Only 4 have been earmarked now to be built.  NASA doesn't have to build rockets anymore.  This is not the 1960's.  Private companies are doing it.   
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Offline Goldie

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #55 on: July 05, 2025, 12:12:43 AM »
Well one thing for sure, we can now wait and see if Donalds Big Beautiful Bill is a success or a spectacular dud. I'm betting on  success.
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Offline Dixie-Dude

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #56 on: July 05, 2025, 02:26:49 AM »
Lower income taxes will help stimulate the economy.  Lower taxes on income with Social Security will help, but none of SS should be taxed.  Lower taxes on tips will help tip earners, but it also is not 100%.  Additional tax on money sent overseas and from tariffs will help. 

However, when are they ever going to start real cuts in spending?  It is out of control, and way more so since Covid.  Just having an across the board 10% cut in EVERY program should help.  People are living longer, why not raise the retirement age for those under say 50 to 64 from 62 and from 66 to say 68 or 69.  Maybe even raise the age you can get your retirement income from 401k or IRA's from 59-1/2 to say 62.  Raising SS retirement age keeps people working a little longer to pay into the system.  Raising the age at which you can get your 401k's and IRA's keeps money working in the stock market and money markets to keep the economy running better. 

Then getting ALL illegals off the SS, welfare, and Medicaid system should save a lot of money there.  Stopping all foreign aid.  Making a lot of cheap drones and pilotless planes should save money for the Navy and Air Force.  Army should experiment with crewless tanks that can be remote controlled.  Saving lives and using more robotics. 

I also think turning the welfare programs back over to the states like they were before "The Great Society" would save a huge bureaucratic expense.  Cheaper for the states and counties to run.  Also, before LBJ, gifts to charities were 100% tax deductible.  Go back to that, it worked.  We have more in poverty today than in 1960, before all the big government spending. 
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Offline Goldie

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #57 on: July 05, 2025, 02:34:42 AM »
Good post D.D. makes sense to me.

Offline Lloyd Smale

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Re: Musk Lambasting BIG Beautiful Bill
« Reply #58 on: July 05, 2025, 04:00:33 AM »
1960 was 55 years ago. change will take time. just look whats been accomplished in just 7 months. then look what was changed in just 4 years of biden and 8 years of obama. its a MIRICLE that change came this fast even if its not perfect. Im sure not bitching. Like I said where would we be if Trump lost. if he accomplished all this in 1/8 of his term i think we owe it to him to give him a chance to change more over the next 3 1/2 years. Complaining is just food for the left right now,
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