«Digging us a hole so deep we will never get out.»
Trump Signs the Big Beautiful Bill and Slams Mike Johnsons Gavel!
«lol to good ,, all the inhouse parrots showed up to squawk . next 12+ yrs without a fuken dim in the WH will be good for your therapist . squawk squawk. get it all out lil birds . amuse me,,,"»
«Quality human. Robbing the poor to pay the rich; Welcome to Krasnov's Rusmerica! You voted for this!!!»
«Hopefully the MAGAtards who voted for the Orange Buffoon will
shortly come to regret their stupidity... when they start losing their
medical and social security benefits and the billionaire oligarchs take
over the country.»
«Look at all the ass lickers standing around, so proud of themselves after adding another 4 trillion to the debt. Great job running the country dumbfucks. The party of fiscal responsibility is only fiscally responsible when a Democrat administration is in power....»
«Hopefully all MAGA rednecks will now lose their health insurance and have even less of everything.»
«Here is Traitor Trump's Big Stupid F**king Domestic Terrorist, anti-American Genocidal Bill for anyone who knows how to read. If you can't read, find a smart 10-year-old to read it to you.
https://www.congress.gov/bill/119th-congress/house-bill/1»
«President Trump's "Big Beautiful Bill," officially known as the "One Big Beautiful Bill Act," was recently passed by Congress. It's a comprehensive piece of legislation with significant tax changes and spending cuts.
Who receives the most tax cuts?
While the bill includes various tax breaks, analysis from organizations like the Tax Policy Center suggests that higher-income households and businesses will benefit most. Specifically:
* Seniors (age 65 and older) with moderate incomes: The bill introduces a temporary tax deduction of up to $6,000 for individuals with a modified adjusted gross income of up to $75,000, or married couples up to $150,000. This is being described as a "senior bonus." It's important to note that while President Trump had campaigned on eliminating taxes on Social Security benefits, this bill does not fully achieve that, but rather offers a deduction on overall income for seniors.
* High-income households: The bill significantly raises the cap on the state and local tax (SALT) deduction from $10,000 to $40,000 for five years, which largely benefits wealthier homeowners in high-tax states. It also doubles the estate tax exemption, shielding inheritances up to $15 million per individual.
* Businesses: The legislation makes permanent many of the business tax breaks from the 2017 Tax Cuts and Jobs Act, including allowing businesses to immediately write off 100% of the cost of equipment and research.
* Tipped and overtime workers: The bill includes provisions to allow workers to deduct income earned from tips and overtime pay.
* Families (to a lesser extent): The child tax credit is increased from $2,000 to $2,200, though some lower-income families may not receive the full credit.
According to the Congressional Budget Office (CBO) analysis of the House version of the bill, the wealthiest households could see an increase of about $12,000, while middle-income taxpayers might see a tax break of $500 to $1,500.
What is being cut to fund it?
The "Big Beautiful Bill" is partially funded by significant cuts to federal safety net programs and by ending some clean energy tax incentives:
* Medicaid: The bill includes substantial cuts to Medicaid, which provides healthcare to low-income and disabled Americans. These cuts could result in millions of people losing their healthcare coverage and are projected to save over $1 trillion over the next decade. The bill also imposes new 80-hour-per-month work requirements for many adult Medicaid recipients without disabilities.
* Supplemental Nutrition Assistance Program (SNAP) / Food Stamps: The bill proposes significant reductions to SNAP, which helps people afford groceries, potentially affecting millions of recipients. New work requirements are also being applied to more SNAP beneficiaries.
* Clean Energy Incentives: The bill largely terminates numerous tax incentives from the 2022 Inflation Reduction Act for clean energy, electric vehicles, and energy efficiency programs. This includes ending tax credits for new and used electric vehicles, home EV charging equipment, and energy-efficient home upgrades.
Additionally, the bill includes increased spending for national defense and border security, including significant funding for the US-Mexico border wall and migrant detention centers. The CBO estimates the bill will add approximately $3.3 trillion to the federal debt over the next decade.»
«You all act like it's some new bs... this shit has been going on behind closed doors forever... media has told u to hate trump for whatever vary of reasons and yet this has all been done before you just didnt see shit then...?!?!»
«You're all messed up and ass backward merika....well said "happy 4th stupids"»
«Faggot ass old man is going to get railed by Putin tonight. The way he clenches his teeth he just can't wait »
«Hsppy 4th stupids!!
The "One Big Beautiful Bill Act" (OBBBA), also known as the "Big Beautiful Bill," which became law on July 4, 2025, includes several provisions related to taxes on tips, overtime, and Social Security.
Here's a breakdown:
* Tips and Overtime: The bill introduces temporary deductions for qualified tips and overtime pay.
* For tips, workers can deduct up to $25,000 per year. This deduction begins to phase out for those making over $150,000 a year ($300,000 for joint filers).
* For overtime, the deduction is capped at $12,500 per year ($25,000 for joint filers) and also phases out at similar income thresholds.
* Important Note: While these deductions reduce federal income tax liability, tips and overtime still remain subject to Social Security and Medicare (FICA) taxes. Employers will continue to withhold these payroll taxes. These provisions are set to expire in 2028.
* Social Security: The bill does not eliminate taxes on Social Security benefits entirely, despite some claims during the campaign. Instead, it includes a new, temporary $6,000 deduction for seniors aged 65 and over who pay taxes on their Social Security income.
* This deduction begins to phase out for single filers earning more than $75,000 and for married couples filing jointly earning more than $150,000.
* Like the tips and overtime provisions, this deduction is temporary and is expected to lapse in 2028. Low-income seniors who already pay no federal income tax on their Social Security benefits will not benefit from this deduction.
In summary, the Big Beautiful Bill provides tax deductions for tips and overtime for federal income tax purposes (with caps and phase-outs), but these earnings remain subject to Social Security and Medicare taxes. For Social Security, it offers a temporary deduction for seniors, rather than a complete elimination of taxes on benefits.»