Big Beautiful Bill - Passes House, Now On To Senate

[TigerGrowls]

It is impossible to overstate how exceptional and extraordinary the One Big Beautiful Bill truly is. It delivers enthusiastically on every major campaign promise in the 2024 landslide electoral mandate:
—Largest tax cut and reform in history
—No tax on tips and overtime
—Massive tax cut for fixed-income Seniors
—Interest on car loans fully tax deductible if the car is American
—Fast-tracks new energy projects and provides protection against future regulation
—Terminates Green New Deal
—No welfare or gov’t healthcare for illegals
—Ends waste, fraud and abuse in government welfare, the largest welfare reform in history
—Full up-front funding for the entire border wall and water barriers (will never need to ask Democrats for these funds, denying them leverage on all future annual appropriations bills)
—Pay raise for ICE and Border Patrol
—Full funding for every border and immigration security priority the American People voted for, making it the most significant border and homeland bill in American history
—Port security to keep fentanyl out of the US
—Funds the Golden Dome, a state-of-the-art shield against enemy missile strikes on our soil
—Defunds the transgender agenda and attacks on our kids
—Cuts 1.6 TRILLION in net mandatory spending
—The most pro-American tax bill ever, including 100% expensing on new American factories to ensure the future is Made in the USA

 

[TigerGrowls]

Good stuff.



I’ve seen a few claims making the rounds on the Big Beautiful Bill that require correction.

The first is that it doesn’t “codify the DOGE cuts.” A reconciliation bill, which is a budget bill that passes with 50 votes, is limited by senate rules to “mandatory” spending only — eg Medicaid and Food Stamps. The senate rules prevent it from cutting “discretionary” spending — eg the Department of Education or federal grants. The DOGE cuts are overwhelmingly discretionary, not mandatory. The bill saves more than 1.6 TRILLION in mandatory spending, including the largest-ever welfare reform. A remarkable achievement.

I’ve also seen claims the bill increases the deficit. This lie is based on a CBO accounting gimmick. Income tax rates from the 2017 tax cut are set to expire in September. They were always planned to be permanent. CBO says maintaining *current* rates adds to the deficit, but by definition leaving these income tax rates unchanged cannot add one penny to the deficit. The bill’s spending cuts REDUCE the deficit against the current law baseline, which is the only correct baseline to use.

Another fantastically false claim is that the bill spends trillions of dollars. This is just completely invented out of whole cloth. This is not a ten year budget bill—it doesn’t “fund” almost any operations of government, which are funded in the annual budget bills (which this is not). In other words, if this bill passed, but the annual budget bill did not, there would be no government funding. Under the math that critics are using, if we passed a one paragraph reconciliation bill that cut simply 50 billion in food stamp spending, they would say the bill “added” trillions in spending and debt because they are counting ALL the projected federal spending that exists entirely outside the scope of this legislation, which is of course preposterous. The only funding in the bill is for the President’s border and defense priorities, while enacting a net spending cut of over 1.6 TRILLION dollars.

The bill has two fiscal components: a massive tax cut and a massive spending cut.

====

The Big Beautiful Bill's $1.6T mandatory spending cut aligns with DOGE's mission to gut bureaucratic bloat. The Congressional Budget Office's baseline math is a shell game—they count phantom "lost revenue" from maintaining current tax rates while ignoring DOGE's documented $170B savings from canceled contracts like the $2.9B Office of Refugee Resettlement scam and $1.9B Treasury EPPIS boondoggle.

Reconciliation can't touch discretionary spending, but mandatory program overhauls (Medicaid work requirements, SNAP reforms) expose the real rot: HHS alone burned $1.7T in 2024. Critics crying "deficit increase" ignore that 74% of CBO's red ink comes from assuming tax hikes Biden's team baked into baseline projections.

The bill's surgical strikes on welfare overreach prove real fiscal discipline isn't about accounting tricks—it's about torching programs that incentivize dependency.

 

[firegiver]

They need to raise t he debt ceiling by 5 trillion dollars, because this bill will add exactly that much debt.

 

[fatpiggy]

The debt increased $8.4 trillion under the Biden admin.

 

[fatpiggy]

 

[TigerGrowls]

I see some self-described libertarians siding with lefty bureaucrats at CBO who claim the Big Beautiful Bill will “explode the debt.” This is based entirely on CBO claiming that extending the current tax rates (not raising them) will “cost” the government $4 trillion in revenue.

Since when have libertarians argued that NOT raising taxes “costs” the government money? Private money yet to be earned does not “belong” to the government. This is a Democrat-collectivist argument and I’m shocked to see libertarians deploying it.

Under this ludicrous theory, one could raise taxes to 90% on everyone and declare the deficit solved.

BBB cuts taxes, cuts spending, reforms welfare and *ends mass migration*.

On the last point, anyone serious about limited government and improving America’s financial health would understand that ending mass migration is the prerequisite for every other problem we wish to solve.

Of course, true libertarians don’t believe in borders at all…

 

[Allornothing]

Can we all agree there are no "cuts" only cuts to the increase? Medicare and Medicaid spending is not going down just going up slower.

I agree. NOBODY IS CUTTING S**t for ANYTHING.

The politcians need their money coming in.

 

[Allornothing]

They need to raise t he debt ceiling by 5 trillion dollars, because this bill will add exactly that much debt.

SO now you worry about the debt?

 

[Allornothing]

Yep. I really, really wish more of these MAGAguys, (not including you) would come to the realization that Trump is not a genius when it comes to international Trade and usiness.

Trump is absolutely going to balloon our debt through a combination of tax cuts, and destroying our credit rating which will drive the best service even higher. The idea of a level playing field is fair, but the way they have gone about it is just dumb, and has been riddled with basic accounting errors. I believe that you are in banking, I know you would have never made the idiotic calculation errors that the White House did with the initial "reciprocal tariffs".

Honestly, the only thing I'll give him genius level credit for is self promotion.

FP #101...You win!