the non partisan "committee for responsible budget" did an analysis that suggests this bill will add $15 trillion to the debt
"fiscal restraint" LOL https://bsky.app/profile/atrupar.com/post/3lrqpx4ydtr2j |
That will cost a lot of money! |
What they don't seem to realize is that Medicaid recipients in blue states are also probably mostly MAGA. Lots of rural areas in those blue states too. So, stupid. |
But those voters will blame Biden. |
https://thehill.com/homenews/senate/5352650-senate-republicans-trump-agenda-taxes-medicaid-green-energy/ Looks like the senate will double the cuts to Medicaid proposed by house. The health care provider taxes will be cut to 3 vs 6 the house capped it at. Yipes! Looks like the senate knows they are done next election. |
Time to kill the bill. Senate changes are making it even more expensive. |
Senate SALT provision keep the deduction at the current $10K, whereas House bill allows up to $40K deduction.
Republican SALT Caucus in the House said they are going to walk away from the bill. https://thehill.com/homenews/house/5353494-salt-caucus-republicans-senate-big-beautiful-bill/ |
I mean, the best case scenario is that the Congress is not able to pass a bill, the 2017 tax cuts repeal and the budget goes back to last year's numbers. |
https://bsky.app/profile/atrupar.com/post/3lrsk4l7moa2a
Harry Enten on Trump's bill: "The amount of disapproval for this bill -- holy cow, my goodness gracious! We're talking about 29 points underwater ... we're talking about a negative 41 net favorability rating among independents. You rarely ever see proposed pieces of legislation as unpopular" |
That's by far the best case scenario. I'm getting more and more nervous that it's not going to happen, though. I thought BBB failure was sure thing. But the Republicans know this is their only shot and they seem to be psyching themselves up to go for it. |
So we’re not going to have FEMA in a few months, but we’ll have a big, beautifully expensive war. Lovely. |
And now it’s even more expensive. Republicans like to believe “tax cuts pay for themselves” but CBO’s dynamic analysis shows the opposite. This bill just got even more expensive!
There is modest growth but debt and deficits actually are even higher because of higher Interest on the debt. Inflation increases and interest rates will increase 14 basis points! So to recap: this turd will add trillions to the debt, increase inflation, and make borrowing more expensive for everyone. Great work, Republicans! https://www.cbo.gov/publication/61486 |
Has any mention been made of the Byrd Rule? Or is it quaint to suppose that will have any bearing on anything? |