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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. The Big Beautiful Bill needs its own thread.

The Big Beautiful Bill needs its own thread.

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  • jon-nycJ jon-nyc

    AxtremusA Away
    AxtremusA Away
    Axtremus
    wrote on last edited by
    #71

    @jon-nyc said in The Big Beautiful Bill needs its own thread.:

    Rand is trying to have his cake and eat it too.

    1 Reply Last reply
    • jon-nycJ Offline
      jon-nycJ Offline
      jon-nyc
      wrote on last edited by
      #72

      Yeah most of the debt increase comes from the TCJA extension and he’d vote for that standalone.

      They’ll end up, after a lot of drama, with the same formula they use every time they have a trifecta: take away health care and food assistance from low income families and use the money to fund tax cuts for their donors.

      LuFins DadL 1 Reply Last reply
      • jon-nycJ Offline
        jon-nycJ Offline
        jon-nyc
        wrote on last edited by
        #73

        I’m changing my over/under on the Trump rebuke to tomorrow with a twist - 10% chance Trump comes out on his side.

        IMG_5683.jpeg
        IMG_5684.jpeg

        They’ll end up, after a lot of drama, with the same formula they use every time they have a trifecta: take away health care and food assistance from low income families and use the money to fund tax cuts for their donors.

        jon-nycJ 1 Reply Last reply
        • jon-nycJ jon-nyc

          @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?

          AxtremusA Away
          AxtremusA Away
          Axtremus
          wrote on last edited by
          #74

          @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:

          https://www.nytimes.com/2025/06/05/opinion/anthropic-ceo-regulate-transparency.html?unlocked_article_code=1.Mk8.GCbk.gEk4FB4DnAhU

          ... 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.

          1 Reply Last reply
          • jon-nycJ jon-nyc

            Yeah most of the debt increase comes from the TCJA extension and he’d vote for that standalone.

            LuFins DadL Offline
            LuFins DadL Offline
            LuFins Dad
            wrote on last edited by
            #75

            @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?

            The Brad

            1 Reply Last reply
            • jon-nycJ jon-nyc

              I’m changing my over/under on the Trump rebuke to tomorrow with a twist - 10% chance Trump comes out on his side.

              IMG_5683.jpeg
              IMG_5684.jpeg

              jon-nycJ Offline
              jon-nycJ Offline
              jon-nyc
              wrote on last edited by
              #76

              @jon-nyc said in The Big Beautiful Bill needs its own thread.:

              I’m changing my over/under on the Trump rebuke to tomorrow …

              https://www.cnn.com/politics/live-news/trump-president-administration-news-06-05-25#cmbjkbhvx00053b6s86gyygp9

              They’ll end up, after a lot of drama, with the same formula they use every time they have a trifecta: take away health care and food assistance from low income families and use the money to fund tax cuts for their donors.

              1 Reply Last reply
              • taiwan_girlT Offline
                taiwan_girlT Offline
                taiwan_girl
                wrote on last edited by
                #77

                I’ve helped Elon a lot,” Trump said.

                How so?

                1 Reply Last reply
                • jon-nycJ Offline
                  jon-nycJ Offline
                  jon-nyc
                  wrote on last edited by
                  #78

                  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

                  They’ll end up, after a lot of drama, with the same formula they use every time they have a trifecta: take away health care and food assistance from low income families and use the money to fund tax cuts for their donors.

                  1 Reply Last reply
                  • HoraceH Offline
                    HoraceH Offline
                    Horace
                    wrote on last edited by
                    #79

                    So he thinks the net effect of the bill will be to make them better off.

                    Education is extremely important.

                    1 Reply Last reply
                    • jon-nycJ Offline
                      jon-nycJ Offline
                      jon-nyc
                      wrote last edited by
                      #80

                      They’ll end up, after a lot of drama, with the same formula they use every time they have a trifecta: take away health care and food assistance from low income families and use the money to fund tax cuts for their donors.

                      1 Reply Last reply
                      • AxtremusA Away
                        AxtremusA Away
                        Axtremus
                        wrote last edited by
                        #81

                        https://www.washingtonpost.com/opinions/2025/06/19/gop-budget-misleading-regressive/

                        IMG_7641.jpeg

                        1 Reply Last reply
                        • AxtremusA Away
                          AxtremusA Away
                          Axtremus
                          wrote last edited by
                          #82

                          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.

                          1 Reply Last reply
                          • LuFins DadL Offline
                            LuFins DadL Offline
                            LuFins Dad
                            wrote last edited by
                            #83

                            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.

                            The Brad

                            AxtremusA 1 Reply Last reply
                            • LuFins DadL LuFins Dad

                              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.

                              AxtremusA Away
                              AxtremusA Away
                              Axtremus
                              wrote last edited by
                              #84

                              @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.

                              1 Reply Last reply
                              • taiwan_girlT Offline
                                taiwan_girlT Offline
                                taiwan_girl
                                wrote last edited by
                                #85

                                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

                                1 Reply Last reply
                                • jon-nycJ Offline
                                  jon-nycJ Offline
                                  jon-nyc
                                  wrote last edited by jon-nyc
                                  #86

                                  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.

                                  They’ll end up, after a lot of drama, with the same formula they use every time they have a trifecta: take away health care and food assistance from low income families and use the money to fund tax cuts for their donors.

                                  1 Reply Last reply
                                  • jon-nycJ Offline
                                    jon-nycJ Offline
                                    jon-nyc
                                    wrote last edited by
                                    #87

                                    Apparently the bill not only removes solar subsidies but actually taxes solar starting in 2027.

                                    While subsidizing coal.

                                    Republicans decided solar and batteries were gay energy so we lost to China all these industries we invented.

                                    They’ll end up, after a lot of drama, with the same formula they use every time they have a trifecta: take away health care and food assistance from low income families and use the money to fund tax cuts for their donors.

                                    1 Reply Last reply
                                    • jon-nycJ Offline
                                      jon-nycJ Offline
                                      jon-nyc
                                      wrote last edited by
                                      #88

                                      They’ll end up, after a lot of drama, with the same formula they use every time they have a trifecta: take away health care and food assistance from low income families and use the money to fund tax cuts for their donors.

                                      1 Reply Last reply
                                      • jon-nycJ Offline
                                        jon-nycJ Offline
                                        jon-nyc
                                        wrote last edited by
                                        #89

                                        They’ll end up, after a lot of drama, with the same formula they use every time they have a trifecta: take away health care and food assistance from low income families and use the money to fund tax cuts for their donors.

                                        1 Reply Last reply
                                        • jon-nycJ Offline
                                          jon-nycJ Offline
                                          jon-nyc
                                          wrote last edited by
                                          #90

                                          They’ll end up, after a lot of drama, with the same formula they use every time they have a trifecta: take away health care and food assistance from low income families and use the money to fund tax cuts for their donors.

                                          AxtremusA 1 Reply Last reply
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