What is going on with the Big Beautiful Bill?

[SpaceCoastVol]

Stop voting re-electing the jackasses that continue to do this

If it were only that simple. That's why term limits are the only solution

 

[McDad]

I think that would only hurt the Middle and lower class and cause the cost of living to go up even more

Please explain?

 

[K-town Vol Fan]

Here comes plenty of big beautiful liberal tears from here until doomsday in 3035.

Cut healthcare and education but at least we can get rid of the brown people am I right

 

[C-south]

Cut healthcare and education but at least we can get rid of the brown people am I right

What specifically about healthcare and education do you think will be lost?

 

[walkenvol]

It's an entitlement for lower earners due to progressive nature of benefits that delivers a ROI that exceeds a 10 year T. This higher return for lower earners is because higher earners will receive a ROI that is far lower and in many cases, negative....

Every type of “retirement plan” rewards those who live longer vs those who don’t. That’s how insurance works.

 

[walkenvol]

what AI gave as "Final Answer":

Final Answer

For a single person earning $70,000 per year (not self-employed) over 35 years, their lifetime Social Security benefits are likely to exceed the Social Security taxes they pay (whether considering only the employee’s 6.2% contribution of ~$151,900 or the full 12.4% contribution of ~$303,800), assuming they live to an average life expectancy (age 84) and claim benefits at ages 62, 67, or 70. Estimated benefits range from ~$471,000 to ~$531,000, depending on claiming age.

AI also pointed out:
"In all scenarios, the lifetime benefits exceed the taxes paid, whether considering only the employee’s contribution or both employee and employer contributions."

----------------

if everyone got back more in benefits than paid in taxes, even got back just 2% more in benefits than paid in taxes, the system goes bankrupt.

----------------

If you are not self-employed you pay only 6.2% tax. Your employer pays 6.2% tax on you, an expense to your employer nothing more. Employers paying SS taxes on employees is just another form of wealth redistribution as minimum wage requirments. The 6.2% you pay and the 6.2% your employers pays on you all goes into the general tax fund and gets spent on whatever Congress wants to spend it on. Most gets spent on SS but some gets spent on items unrelated to SS.

Then why do they keep harping on the SS Fund running out in 2037 or there abouts?

 

[Boston Vol]

no taxes on tips, social security and I think overtime is not for the rich. the obbb keeps Trump's tax cuts from his first term going.

a person who makes 20 million a year has no more obligation to pay taxes than a person who makes 20 thousand a year, everyone should pull their own weight.

from grok:

During Donald Trump's first term, the Tax Cuts and Jobs Act (TCJA) of 2017 reduced tax rates across all income tax brackets for individuals.
The TCJA lowered the tax rates for the seven existing brackets, which applied to taxable income for individuals and married couples filing jointly.

Here’s a summary of the changes re-TCJA Tax Brackets (2017) vs. TCJA Tax Brackets (2018-2025):

10% Bracket: Remained 10%, but the income threshold increased, effectively reducing taxes for some in this bracket due to higher standard deductions and inflation adjustments.
15% Bracket: Reduced to 12%.
25% Bracket: Reduced to 22%.
28% Bracket: Reduced to 24%.
33% Bracket: Reduced to 32%.
35% Bracket: Remained 35%, but applied to higher income thresholds.
39.6% Bracket: Reduced to 37%.

Key Notes:All brackets saw either a rate reduction or no change (10% and 35% brackets), with expanded income ranges due to adjustments in thresholds.

The standard deduction nearly doubled (e.g., from $6,350 to $12,000 for singles in 2018), which further reduced taxable income for many.
These changes applied to tax years 2018 through 2025, as the TCJA provisions are set to expire after 2025 unless extended.

The no taxes on tips has a cap and it sunsets in 2028. It’s such a great idea that we’re only going to keep it in place until after the next presidential election…..

 

[W.TN.Orange Blood]

 

[McDad]

The no taxes on tips has a cap and it sunsets in 2028. It’s such a great idea that we’re only going to keep it in place until after the next presidential election…..

Gotta give the next R something to campaign on.

 

[Vol8188]

“He’s only cutting taxes for the rich”

Reality:

1. No taxes on SS
2. No taxes on tips
3. No taxes on overtime

 

[Smokey123]

Please explain?

Correct me if I’m wrong but just about everything from Grocery’s to rent to new car to healthcare expenses would be taxed right? The most recent proposed rate was 23% but economists have said it would need to be a much higher rate to be sustainable. Estimated 50-65% of Americans are already living paycheck to paycheck, what will happen when they have to now pay 23% of everything they “consumed”. Of course you can make the argument that they’ll have more to spend because the taxes won’t come out of every paycheck, but plenty of working families rely on child tax credits to at least break even. That’s not factoring in the small business owners and 1099 workers that don’t have taxes pulled out and rely heavily on write offs to get their tax payment lowered

 

[McDad]

Correct me if I’m wrong but just about everything from Grocery’s to rent to new car to healthcare expenses would be taxed right? The most recent proposed rate was 23% but economists have said it would need to be a much higher rate to be sustainable. Estimated 50-65% of Americans are already living paycheck to paycheck, what will happen when they have to now pay 23% of everything they “consumed”. Of course you can make the argument that they’ll have more to spend because the taxes won’t come out of every paycheck, but plenty of working families rely on child tax credits to at least break even. That’s not factoring in the small business owners and 1099 workers that don’t have taxes pulled out and rely heavily on write offs to get their tax payment lowered

Great points. The current tax structure isn't fair to anyone. Some pay too little. Some pay too much.
In the discussion with Persian, we discussed the dilemma of fixing the issues inside of a broken system.
In the new systems I offered, we approached taxes in terms of taxing people what they can afford to pay while making sure everyone contributes.
Tax credits would likely need to be replaced by expanded food welfare programs.

Like I said earlier, there is no perfect system. Perfection isn't the goal. Funding fairly by everyone is.

 

[Majors]

Here comes plenty of big beautiful liberal tears from here until doomsday in 3035.

When your country is invaded, this is the result. The wording typical MSM media manipulation without the reason why.

 

[BeardedVol]

Cut healthcare and education but at least we can get rid of the brown people am I right

The resident "fiscal conservatives" of the board won't mind giving billions of tax dollars to the likes fo Geo Group and Core Civic, because it allows them to purchase and wear cool 'alligator alcatraz' shirts.

 

[C-south]

The resident "fiscal conservatives" of the board won't mind giving billions of tax dollars to the likes fo Geo Group and Core Civic, because it allows them to purchase and wear cool 'alligator alcatraz' shirts.

I’m sure you’re wearing your Ukraine shirt today. If it were up to you we would send everything we have to support Zelensky’s coke habit.

 

[BeardedVol]

I’m sure you’re wearing your Ukraine shirt today. If it were up to you we would send everything we have to support Zelensky’s coke habit.

You should write Zelensky and let him know that he's always got a home, rent free in your head.

 

[Zues1]

 

[Smokey123]

Great points. The current tax structure isn't fair to anyone. Some pay too little. Some pay too much.
In the discussion with Persian, we discussed the dilemma of fixing the issues inside of a broken system.
In the new systems I offered, we approached taxes in terms of taxing people what they can afford to pay while making sure everyone contributes.
Tax credits would likely need to be replaced by expanded food welfare programs.

Like I said earlier, there is no perfect system. Perfection isn't the goal. Funding fairly by everyone is.

I agree, I just think the sales/consumption tax would do more harm than good and the idea of it seems to be getting more popular

Personally I like the idea of a flat %, but I do think their needs to be limited deductibles and some credits with that

 

[McDad]

I agree, I just think the sales/consumption tax would do more harm than good and the idea of it seems to be getting more popular

Personally I like the idea of a flat %, but I do think their needs to be limited deductibles and some credits with that

Yes. Although I would like to see us move away from complexity (including deductions and credits), it seems to me some threshold of income would be necessary to justify a flat percentage on the bottom end of earners. And it needs to some standardized metric. Not some value politicians can modify for votes.

 

[rekinhavoc]

'Define Wins': Wasserman Schultz Melts Down Over Trump’s 'Big, Beautiful Bill' [WATCH]

Rep. Debbie Wasserman Schultz (D-FL) appeared on CNN Thursday to push back on President Donald Trump’s recent second-term accomplishments, dismissing his

www.lifezette.com

Rep. Debbie Wasserman Schultz (D-FL) appeared on CNN Thursday to push back on President Donald Trump’s recent second-term accomplishments, dismissing his legislative progress and casting doubt on the strength of a new jobs report that exceeded economists’ expectations.


Speaking with CNN host Sara Sidner during a segment of CNN News Central, Wasserman Schultz was asked how Democrats plan to counter President Trump’s recent string of policy wins, including progress on immigration enforcement, improved economic indicators, and momentum behind his flagship domestic legislation known as the “One Big Beautiful Bill.”

“Here are some things that have happened: Gas prices down. Economic indicators are decent. Brand new job report shows that’s much better than expected and border crossings are down,” Sidner said. “And now, Trump’s mega spending bill looks like it’s going to be passed by Republicans. How do you Democrats fight back with the wins that Trump can tout?”

“Well, it depends on how you define wins, Sara,” Wasserman Schultz responded.

She then criticized the pending legislation and framed the proposed policy changes as harmful to low-income Americans.

“I mean, the way I can summarize this big, ugly bill best is Republicans caved, Trump lied and people will die,” Wasserman Schultz said.

97X BAM! The future of rock n roll! 97X BAM!...

 

[Zues1]

'Define Wins': Wasserman Schultz Melts Down Over Trump’s 'Big, Beautiful Bill' [WATCH]

Rep. Debbie Wasserman Schultz (D-FL) appeared on CNN Thursday to push back on President Donald Trump’s recent second-term accomplishments, dismissing his

www.lifezette.com

Rep. Debbie Wasserman Schultz (D-FL) appeared on CNN Thursday to push back on President Donald Trump’s recent second-term accomplishments, dismissing his legislative progress and casting doubt on the strength of a new jobs report that exceeded economists’ expectations.


Speaking with CNN host Sara Sidner during a segment of CNN News Central, Wasserman Schultz was asked how Democrats plan to counter President Trump’s recent string of policy wins, including progress on immigration enforcement, improved economic indicators, and momentum behind his flagship domestic legislation known as the “One Big Beautiful Bill.”

“Here are some things that have happened: Gas prices down. Economic indicators are decent. Brand new job report shows that’s much better than expected and border crossings are down,” Sidner said. “And now, Trump’s mega spending bill looks like it’s going to be passed by Republicans. How do you Democrats fight back with the wins that Trump can tout?”

“Well, it depends on how you define wins, Sara,” Wasserman Schultz responded.

She then criticized the pending legislation and framed the proposed policy changes as harmful to low-income Americans.

“I mean, the way I can summarize this big, ugly bill best is Republicans caved, Trump lied and people will die,” Wasserman Schultz said.

97X BAM! The future of rock n roll! 97X BAM!...

Pushing granny off a cliff

 

[rekinhavoc]

DCCC Chair DelBene: It's GOP's Fault Dems Aren't Talking About Tax Cuts for Non-Rich

On Wednesday's edition of NBC's "Meet the Press Now," Democratic Congressional Campaign Committee (DCCC) Chair Rep. Suzan DelBene (D-WA) said that | Clips

www.breitbart.com

"These are important priorities, something we could be working on in a bipartisan way, but there’s been nothing bipartisan about this.”

Yes I remember how bipartisan the democrats are when they have the advantage.

 

[tnmarktx]

The medicaid cuts are stated as could and potentially lead to people losing insurance. The only thing for sure is the work requirement. Which is this: If you are childless and not disabled, you are required to work two full time weeks out of a month to be eligible. I'd guess the 11.8 million people that are said that would lose coverage are the people that are in this group and will refuse to meet the work requirement.

 

[NorthDallas40]

Every type of “retirement plan” rewards those who live longer vs those who don’t. That’s how insurance works.

That’s not what he’s referring to. SS implements a piecewise linear payout curve where higher earners receive less of a payout vs percentage of payments than lower earners. That payout isn’t affected by your date of passing it’s for your lifetime. I know this because I made my own SS model to feed into my retirement model quite a few years back.

 

[Orangeburst]

That’s not what he’s referring to. SS implements a piecewise linear payout curve where higher earners receive less of a payout vs percentage of payments than lower earners. That payout isn’t affected by your date of passing it’s for your lifetime. I know this because I made my own SS model to feed into my retirement model quite a few years back.