The Big Beautiful Bill needs its own thread.
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wrote on 4 Jun 2025, 22:53 last edited by
@jon-nyc said in The Big Beautiful Bill needs its own thread.:
Rand is trying to have his cake and eat it too.
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wrote on 4 Jun 2025, 23:25 last edited by
Yeah most of the debt increase comes from the TCJA extension and he’d vote for that standalone.
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wrote on 4 Jun 2025, 23:33 last edited by
I’m changing my over/under on the Trump rebuke to tomorrow with a twist - 10% chance Trump comes out on his side.
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@taiwan_girl said in The Big Beautiful Bill needs its own thread.:
@Axtremus Who benefits from having that in the bill? Some group obviously lobby to get it included.
That’s probably the most sensible thing in the bill. You want the California legislature to govern AI?
wrote on 5 Jun 2025, 12:54 last edited by@jon-nyc said in The Big Beautiful Bill needs its own thread.:
@taiwan_girl said in The Big Beautiful Bill needs its own thread.:
@Axtremus Who benefits from having that in the bill? Some group obviously lobby to get it included.
That’s probably the most sensible thing in the bill. You want the California legislature to govern AI?
Op-Ed by Dario Amodei, the CEO of Anthropic, an AI technology company:
... a 10-year moratorium is far too blunt an instrument. A.I. is advancing too head-spinningly fast. I believe that these systems could change the world, fundamentally, within two years; in 10 years, all bets are off. Without a clear plan for a federal response, a moratorium would give us the worst of both worlds — no ability for states to act, and no national policy as a backstop.
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Yeah most of the debt increase comes from the TCJA extension and he’d vote for that standalone.
wrote on 5 Jun 2025, 13:00 last edited by@jon-nyc said in The Big Beautiful Bill needs its own thread.:
Yeah most of the debt increase comes from the TCJA extension and he’d vote for that standalone.
Considering how poorly the CBO projected the 2017 TCJA, why should we trust their numbers this time?
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I’m changing my over/under on the Trump rebuke to tomorrow with a twist - 10% chance Trump comes out on his side.
wrote on 5 Jun 2025, 16:55 last edited by@jon-nyc said in The Big Beautiful Bill needs its own thread.:
I’m changing my over/under on the Trump rebuke to tomorrow …
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wrote on 5 Jun 2025, 18:20 last edited by
I’ve helped Elon a lot,” Trump said.
How so?
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wrote on 11 Jun 2025, 17:28 last edited by
Bessent in Congress today:
“50% of Americans are financially insecure. Do you think any of them are gonna suffer from the cuts in Medicaid, SNAP, and ACA?” - Moore
“I believe they will be better off.” - Bessent
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wrote on 11 Jun 2025, 18:48 last edited by
So he thinks the net effect of the bill will be to make them better off.
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wrote on 17 Jun 2025, 10:33 last edited by
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wrote on 22 Jun 2025, 22:12 last edited by
https://www.politico.com/news/2025/06/22/senate-tax-bill-jct-score-00417131
Senate GOP slashes megabill's tax costs with new accounting method
The "new accounting method" basically do not account for extensions of the 2017 tax cuts as a "cost."
So instead of $3.8 Trillion, using the "new accounting method," the Senate GOP's version of the bill is now said to cost only $440 Billion.
They would still need to raise the debt ceiling by $5 Trillion (or suspend it altogether), but with this new accounting method they say the bill will cost only $440 Billion.
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wrote on 22 Jun 2025, 22:20 last edited by
Extending the Trump Tax Cuts from 2017 may or may not promote more growth than the CBO projects, but expiring the tax cuts kills any possibility for growth, and frankly renders the $5 fucking Trillion debt limit extension irrelevant.
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Extending the Trump Tax Cuts from 2017 may or may not promote more growth than the CBO projects, but expiring the tax cuts kills any possibility for growth, and frankly renders the $5 fucking Trillion debt limit extension irrelevant.
wrote on 22 Jun 2025, 22:34 last edited by@LuFins-Dad said in The Big Beautiful Bill needs its own thread.:
Extending the Trump Tax Cuts from 2017 may or may not promote more growth than the CBO projects, but expiring the tax cuts kills any possibility for growth, and frankly renders the $5 fucking Trillion debt limit extension irrelevant.
It seems you have given up on the argument that says reducing the national deficit/debt can itself be pro growth.
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wrote on 23 Jun 2025, 00:56 last edited by
Several provisions in the Senate GOP’s version of President Donald Trump’s "big, beautiful bill" have run afoul of Senate rules and must be stripped if Republicans want to pass the package without the help of Democrats.
The bill is undergoing what’s called a "Byrd Bath," when the parliamentarian meticulously combs through each section of the mammoth bill to determine whether policies comport with the Senate’s Byrd Rule.
The point of the budget reconciliation process is to skirt the Senate filibuster and pass a massive, partisan legislative package. But if provisions are left in that fail the test, Senate Republicans will have to meet the typical 60-vote threshold. Provisions that don’t pass muster can still be appealed, however.
and
Senate Parliamentarian Elizabeth MacDonough scrutinized three chunks of the megabill from the Senate Banking, Environment and Public Works and Armed Services committees and found numerous policies that failed to meet the Byrd Rule’s requirements.
Among those was a provision that would have eliminated funding for a target of the GOP’s since its inception in 2008, the Consumer Financial Protection Bureau, which would have effectively eliminated the agency. Doing so also would have slashed $6.4 billion in spending.
https://www.foxnews.com/politics/several-provisions-fail-pass-muster-senate-rules-big-beautiful-bill
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wrote on 23 Jun 2025, 08:30 last edited by jon-nyc
Somehow I doubt the bond markets will be fooled by this one. And guys like Rand Paul aren’t going to pretend it’s true either.
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