The One Big Beautiful Bill

[Vambram]

The One, Big, Beautiful Bill Delivers on President Trump’s Priorities to Restore and Expand Trump-Era Growth and Relief for Families, Workers, and Small Businesses.
May 12, 2025

WASHINGTON, D.C. – On Tuesday, the Ways and Means Committee will markup “The One, Big, Beautiful Bill,” delivering on President Trump’s economic agenda and supporting pro-family, pro-worker tax provisions. The legislation builds on the success of the 2017 Trump tax cuts and carries out the very policies that America voted for, making the economy stronger, expanding tax relief for middle class and low-income Americans, and ushering in a new golden age of prosperity to benefit workers, families, farmers, and small businesses.
“This bill delivers on what Americans voted for with President Trump’s promise to put America First – with tax policies that reward hard work, bring jobs back home, increase opportunity, and rebuild the economy for the working class. It puts the interests of low-income, working families ahead of the wealthy by expanding tax relief to those who need it the most – including the President’s priorities of no tax on tips and overtime pay and additional relief for America’s seniors. Small businesses and family farmers will benefit from the certainty provided so they can invest in their futures and grow jobs.
“Under the economic policies of President Biden and Washington Democrats, the wealthy and well-connected benefitted from taxpayer handouts. The Ways and Means Republican tax bill ends special interest giveaways and will hold the woke elite and entities that benefit from the tax code accountable. It will halt the flow of taxpayer dollars to illegal immigrants and China.
“We have an opportunity and a responsibility to secure a brighter future for America’s workers, families, farmers, and small businesses. The legislation that the Ways and Means Committee has brought forward meets this historic moment,” said Ways and Means Chairman Jason Smith (MO-08).

Delivering An Economy that Works for Working Families
Pro-growth, pro-worker, pro-family, pro-small business policies that will make America’s economy stronger, deliver additional tax relief for working families, farmers, and small businesses, and replace bad tax policy with good tax policy.

The One, Big, Beautiful Bill Delivers on President Trump’s Priorities to Restore and Expand Trump-Era Growth and Relief for Families, Workers, and Small Businesses – Ways and Means

waysandmeans.house.gov

 

[That Guy 11200]

Stupid name.

 

[durangodawood]

Is this the same bill thats causing America's credit worthiness to decline because of the massive deficits it will bring?

 

[Hans Blaster]

Is this the same bill thats causing America's credit worthiness to decline because of the massive deficits it will bring?

Yes.

 

[wing2000]

..it's not so beautiful for those losing their health insuracnce.

CBO preliminary estimates show that the Medicaid provisions would reduce the deficit by $625 billion over ten years and increase the number of people without health insurance by at least 7.6 million by 2034.

Tracking the Medicaid Provisions in the 2025 Reconciliation Bill | KFF

KFF is tracking the Medicaid provisions in the 2025 federal budget bill, including new Medicaid work and verification requirements and a reduction in the expansion match rate for states that use their own funds to cover undocumented immigrants.

www.kff.org

 

[Vambram]

Is this the same bill thats causing America's credit worthiness to decline because of the massive deficits it will bring?

Nope.

 

[Say it aint so]

Over the next decade, extending the old Trump tax cuts would cost about $4 trillion. Plus, his new tax breaks (for four years) and his military and border spending, would cost another $1 trillion — so the cost of the bill is about $5 trillion.​

Most of this, again, just won’t be paid for. But Republicans are proposing some spending cuts to pay for some of it — a little less than half. Their top targets are Medicaid, clean energy, student loans, and food stamps. --VOX​

Which proves again the idea of the fiscal conservative is a farce. They are only Tax Cuts for the Rich conservatives.

 

[Fantine]

The One, Big, Beautiful Bill Delivers on President Trump’s Priorities to Restore and Expand Trump-Era Growth and Relief for Families, Workers, and Small Businesses.
May 12, 2025

WASHINGTON, D.C. – On Tuesday, the Ways and Means Committee will markup “The One, Big, Beautiful Bill,” delivering on President Trump’s economic agenda and supporting pro-family, pro-worker tax provisions. The legislation builds on the success of the 2017 Trump tax cuts and carries out the very policies that America voted for, making the economy stronger, expanding tax relief for middle class and low-income Americans, and ushering in a new golden age of prosperity to benefit workers, families, farmers, and small businesses.
“This bill delivers on what Americans voted for with President Trump’s promise to put America First – with tax policies that reward hard work, bring jobs back home, increase opportunity, and rebuild the economy for the working class. It puts the interests of low-income, working families ahead of the wealthy by expanding tax relief to those who need it the most – including the President’s priorities of no tax on tips and overtime pay and additional relief for America’s seniors. Small businesses and family farmers will benefit from the certainty provided so they can invest in their futures and grow jobs.
“Under the economic policies of President Biden and Washington Democrats, the wealthy and well-connected benefitted from taxpayer handouts. The Ways and Means Republican tax bill ends special interest giveaways and will hold the woke elite and entities that benefit from the tax code accountable. It will halt the flow of taxpayer dollars to illegal immigrants and China.
“We have an opportunity and a responsibility to secure a brighter future for America’s workers, families, farmers, and small businesses. The legislation that the Ways and Means Committee has brought forward meets this historic moment,” said Ways and Means Chairman Jason Smith (MO-08).

Delivering An Economy that Works for Working Families
Pro-growth, pro-worker, pro-family, pro-small business policies that will make America’s economy stronger, deliver additional tax relief for working families, farmers, and small businesses, and replace bad tax policy with good tax policy.

The One, Big, Beautiful Bill Delivers on President Trump’s Priorities to Restore and Expand Trump-Era Growth and Relief for Families, Workers, and Small Businesses – Ways and Means

waysandmeans.house.gov

Disclaimer: Jason Smith is not an economist and what he says runs counter to economists and three major bond services who downgraded our bonds because there is insufficient revenue to continue these giveaways to billionaires.

 

[Vambram]

Disclaimer: Jason Smith is not an economist and what he says runs counter to economists and three major bond services who downgraded our bonds because there is insufficient revenue to continue these giveaways to billionaires.

Jason Smith is the chairman of the House Ways and Means Committee. What he says does run counter against the globalists agenda of the elites and the global establishment. Also, we ain't doing giveaways to the billionaires.

 

[Vambram]

Over the next decade, extending the old Trump tax cuts would cost about $4 trillion. Plus, his new tax breaks (for four years) and his military and border spending, would cost another $1 trillion — so the cost of the bill is about $5 trillion.​

Most of this, again, just won’t be paid for. But Republicans are proposing some spending cuts to pay for some of it — a little less than half. Their top targets are Medicaid, clean energy, student loans, and food stamps. --VOX​

Which proves again the idea of the fiscal conservative is a farce. They are only Tax Cuts for the Rich conservatives.

I ain't even close to being financially rich. However, the Trump tax cuts in 2017 has improved my financial security.

 

[Vambram]

Smith: The One, Big, Beautiful Bill Will Usher In New Era of American Prosperity – Ways and Means

waysandmeans.house.gov

 

[Vambram]

What They Are Saying: Manufacturers, Innovators, and Builders Applaud Pro-American Job Creator Policies in The One Big Beautiful Bill – Ways and Means

waysandmeans.house.gov

 

[Richard T]

What They Are Saying: Manufacturers, Innovators, and Builders Applaud Pro-American Job Creator Policies in The One Big Beautiful Bill – Ways and Means

waysandmeans.house.gov

It sounds great for many in business and yes, it will help growth at least for a time. However, I personally would not support some of the other provisions. Here are four of them: When does no no tax on tips, overtime, SS start? Here's what's in the 'Big Beautiful Bill'

No taxes on tips
Tax rates will now discriminate on "tipped" positions versus non tipped. If they do not word it right there will be far more people expecting to get tipped in the future, like your plumber, etc. Also, won't the tipped jobs just attract more workers which will keep wages low or perhaps some employers will lower hourly rate to the minimum wage for those with tipped income?

No taxes on overtime
Tax rates will now favor those who are working longer hours. Do we really want to incentivize extending the work week? Do longer work weeks hurt church attendance?

No taxes on loan interest for American-made cars
Deductible interest encourages more debt. Not a good thing in my opinion. Also, if it is only American cars (Which there are none that are 100%), the manufacturers will be able to raise prices a little and take some of this away because there is less competition.

Tax relief for seniors.
This is almost decent. However, it does not help the poorest seniors who already do not pay any tax. Most who are only on social security do not pay tax because they do not have enough income. Those with investments and/or pensions though will be able to collect the tax break. So, we help the one with tax breaks that gets the pension?

The biggest immoral part of the entire bill though is that it raises the deficits in just about every way. So, a big failure to address the structural issues of government while adding unfairness and inequality through government taxation. A few Republicans that are true conservatives get this. Moody's bond rating analysts get the debt too.

 

[Say it aint so]

I ain't even close to being financially rich. However, the Trump tax cuts in 2017 has improved my financial security.

Not mine.
In 2017 they took away deductions for the average tax payer to offset the cuts.
Anecdotal evidence doesn't mean much.
The number of corps that paid no effective rates in taxation doubled.
The Tax Cut Jobs Act created no jobs.
Corps enacted record stock buy backs.
The deficit sky rocketed.

Expect more of the same.

 

[Vambram]

Not mine.
In 2017 they took away deductions for the average tax payer to offset the cuts.
Anecdotal evidence doesn't mean much.
The number of corps that paid no effective rates in taxation doubled.
The Tax Cut Jobs Act created no jobs.
Corps enacted record stock buy backs.
The deficit sky rocketed.

Expect more of the same.

The Trump tax cuts in 2017 did indeed help create jobs. The deficit didn't really skyrocket until the COVID-19 global pandemic hit the world.

 

[RileyG]

Stupid name.

Big

Huge

It's Trump, after all

 

[iluvatar5150]

I ain't even close to being financially rich. However, the Trump tax cuts in 2017 has improved my financial security.

How did it do that?

 

[Fantine]

If you sat like I did tonight listening to a tornado dropping hail on my roof and practically knocking my trees down you would think twice about the price Americans will pay to have some from crumbs thrown at them while the rich get millions.
28 Kentuckians died during tornadoes last weekend because the Weather Service had had such severe budget cuts that normal notifications were not carried out.
Fortunately we had warnings but we are all aware that FEMA will not be there to repair any damage that has been done to our infrastructure or for the people whose homes may require significant repairs. And those are just two of the things that will be lost to finance tax cuts for billionaires. Even worse will be the cuts to Medicaid, which could drastically affect people in nursing home and result enclosures of rural hospitals.

 

[Vambram]

If you sat like I did tonight listening to a tornado dropping hail on my roof and practically knocking my trees down you would think twice about the price Americans will pay to have some from crumbs thrown at them while the rich get millions.
28 Kentuckians died during tornadoes last weekend because the Weather Service had had such severe budget cuts that normal notifications were not carried out.
Fortunately we had warnings but we are all aware that FEMA will not be there to repair any damage that has been done to our infrastructure or for the people whose homes may require significant repairs. And those are just two of the things that will be lost to finance tax cuts for billionaires. Even worse will be the cuts to Medicaid, which could drastically affect people in nursing home and result enclosures of rural hospitals.

None of what you fear that is going to be cut will actually be cut. In fact, President Trump has indeed come out in support of raising taxes on millionaires and billionaires.

 

[Vambram]

How did it do that?

My wages were increased and my employer paid all of us an unexpected bonus of $2,000.00.