The Big Beautiful Bill shall became Law

One president's "beauty" is a whole hospital's "bankruptcy."

It takes a particular kind of callousness to find "beauty" in the suffering of others.

Fantine said:

One president's "beauty" is a whole hospital's "bankruptcy."

It takes a particular kind of callousness to find "beauty" in the suffering of others.

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They voted for this.

Here are 6 'Beautiful Bill' tax changes that will benefit wealthy Americans and businesses​

The changes approved by lawmakers in July lock in a friendlier tax climate for affluent Americans with lower rates and generous exemptions. While middle-income households may see some modest relief, the lion's share of the benefits will flow to those with substantial earnings, investment income, or large estates.

Lower tax brackets​

During the first Trump administration, Republicans in Congress passed the Tax Cuts and Jobs Act of 2017 (TCJA), which temporarily reduced the top marginal tax rate from 39.6% to 37%. This change was originally set to expire at the end of 2025.

While many middle-income taxpayers will also benefit slightly from the permanent extension of lower TCJA rates, Rosenberg notes that "higher-income households benefit the most by far."

Pass-through exemption for business owners​

Bonus depreciation​

"Not everybody can go out and buy a private jet — but if you can, now that private jet is deductible in year one," Nitti says.

Higher federal deductible for state and local taxes​

This provision primarily benefits high-income households in high-tax states, such as New York and California (Hey, that's me! Trump will stop beating me with the stick he started beating me with in 2017. What a guy!)

Higher exemption for estate and gift tax​

The exemption has been made permanent at $15 million per individual and $30 million per married couple

Higher exclusion on some capital gains​

Phillips says if you sold $10 million of qualifying stock with the entire amount treated as a taxable gain, "you wouldn't owe any federal capital gains tax. That's about a $2 million savings right there."

essentialsaltes said:

Trump aides plan megabill marketing reboot for GOP lawmakers​

A Wednesday briefing will urge a focus on "working families" after the president questioned his "big, beautiful" branding.

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GOP frustrations grow over lackluster ‘big, beautiful bill’ sales pitch​

Talk about the massive tax package largely evaporated after Labor Day amid high-stakes fights over releasing documents related to Jeffrey Epstein and the 43-day government shutdown. Yet even before those controversies, polls showed the GOP legislation was unpopular.

This has frustrated lawmakers who say the party needs to do more to sell its signature accomplishment, especially as Democrats hammer them on the issue of affordability.

Complicating the picture for the GOP is a sluggish economic backdrop, headlined by inflation that has ticked upward and tariffs that have contributed to higher prices.

Trump labeled the Democratic affordability chatter a “con job” Tuesday, even as his approval rating slips amid voter concerns about his handling of the economy.

“It’s way too [doggone] expensive to live in this country right now,” one GOP operative said. “We need to be seen as at least caring about that.”

House Republicans are staring down warning signs that their slim majority could be in peril next year, especially after the party won Tuesday’s House special election in Tennessee by single digits in a district President Trump carried by more than 20 points last year.

Another headache for the GOP and its sales pitch is Trump, who has not talked about the tax bill as much as some in the party would like and has largely eschewed political rallies in key states that previously have been one of his hallmarks.

[Well, he has his hands full lobbying for the Nobel Peace Prize and choosing the gold fixtures for the ballroom.]

It passed out of fear. All the Republicans know that if they do not vote for it , like it or not, Donald Trump will punish them and the state they represent.

Very few, if any, in the GOP have the courage to not comply with whatever craziness hw wants. Our only hope as a democratic nation is mid term turnovers.