chek'ed
A QUICK OVER VIEW OF THE ECONOMIC MESS IN THE USA
Note: The uniparty put the debt bill up to 38 trillion and counting, Trump has come in and with the help of many including the doge team help identify lots of waste, abuse and fraud, The savings that will be made going forward and the money from the tariffs coming in will be massive and into the trillions, This mess was caused by the covid shutdown and the robbing of the dems who knew it would hit a hard dateline to derail trump second term, it needs to pass so going forward the debt can be reduced and bought back down to a manageable amount.
Sometimes you have to give to receive. like getting a loan to get you through until you are in a better position to reduce your spending and stop living beyond your means as well as helping millions who are just about hanging on.
HOLD THE LINE
Brave A.I text details below.
Big Beautiful Bill Deadline
The "One Big Beautiful Bill" has already been passed by the House of Representatives on May 22, 2025, and is now being considered by the Senate with a tight timeline to get it to President Trump's desk before the July 4 holiday.
The bill aims to extend the 2017 tax cuts, among other fiscal and policy changes, and faces significant opposition, particularly from fiscal conservatives within the Republican Party.
Key Points:
House Passage: The bill was narrowly passed by the House on May 22, 2025, with a vote of 215โ214โ1.
Senate Timeline: The Senate is working on a tight schedule to pass the bill and send it to the President before July 4, 2025.
Opposition: The bill faces opposition from both Democrats and some fiscal conservative Republicans, who are concerned about the potential increase in the national debt.
Impact: If enacted, the bill is projected to add $3.8 trillion to the federal debt over the next 10 years, according to the Congressional Budget Office (CBO).
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en.wikipedia.org
One Big Beautiful Bill Act - Wikipedia
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taxfoundation.org
"Big Beautiful Bill" House GOP Tax Plan: Preliminary Details and Analysis
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taxfoundation.org
One Big Beautiful Bill: Pros & Cons: The Good, Bad, and the Ugly
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what happens if the bill is not passed
If the "One Big Beautiful Bill" is not passed, several key consequences could occur:
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Tax Cuts Expiration:
Current Tax Rates: Many of the tax cuts implemented by the 2017 Tax Cuts and Jobs Act are set to expire at the end of 2025. Without the bill, these tax cuts would revert to their previous levels, potentially increasing taxes for individuals and businesses [1].
Economic Impact: The expiration of these tax cuts could have a significant impact on consumer spending and business investment, potentially slowing economic growth [2].
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Fiscal Policy Uncertainty:
Budget Planning: Federal agencies and state governments may face uncertainty in budget planning, as they rely on projections that assume the continuation of current tax policies [3].
Investor Confidence: Financial markets and investors might react negatively to the uncertainty, leading to potential volatility in stock and bond markets [4].
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Policy Initiatives:
Healthcare: Some provisions in the bill related to healthcare, such as changes to the Affordable Care Act, would not be implemented, potentially affecting healthcare access and costs [5].
Infrastructure: The bill includes funding for infrastructure projects. Without it, these projects might be delayed or canceled, impacting job creation and economic development [6].
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Political Implications:
Election Dynamics: The failure to pass the bill could become a significant political issue in the upcoming elections, with both parties using it to mobilize their bases [7].
Public Opinion: Public opinion on the government's ability to manage fiscal policy could be negatively affected, potentially influencing voter sentiment [8].
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Debt Ceiling:
Debt Limit: The bill also addresses the debt ceiling. If the bill is not passed, the government might need to take extraordinary measures to avoid defaulting on its debt, which could lead to a financial crisis [9].
Summary:
The failure to pass the "One Big Beautiful Bill" would result in the expiration of key tax cuts, increased fiscal uncertainty, and potential delays in important policy initiatives. These outcomes could have significant economic and political repercussions.
see link below and than click on links within
https://www.congress.gov/bill/119th-congress/house-bill/1/text
Elon musk just unfollowed, trump, stephen miller and charlie kirk.
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โTrumpโs On Epsteinโs Listโ - Elon Musk GOES NUCLEAR With WILD Trump-Epstein Connection
https://youtu.be/jd4aGPqAUP0