BREAKING: One Big Beautiful Bill Passes House, On Way to Trump's Desk

[Jroc]

They should have called it The Big Blue Wave Act. The GOP is so going to pay a price for it in the midterms. I now expect the Dems to take back both houses.

Well as long as you expected it, it must be true

 

[Nobody911]

 

[Admiral Rockwell Tory]

View attachment 1132086

Where did you make up that figure from?

 

[dudmuck]

Lower tax brackets got bigger cuts

Most households — about 85 percent — would get a tax cut in 2026, according to an analysis from the Tax Policy Center. But while many of the bill’s changes are permanent, other provisions, such as the new deduction for seniors, are set to expire within a couple years. The center estimates that by 2030 only about 70 percent of households would continue to have a tax break.

The center also estimates that nearly 60 percent of the tax benefits would go to those in the top quintile of annual incomes (about $217,000 or more). Those households would receive an average tax cut of $12,500.

 

[Lisa558]

Most households — about 85 percent — would get a tax cut in 2026, according to an analysis from the Tax Policy Center. But while many of the bill’s changes are permanent, other provisions, such as the new deduction for seniors, are set to expire within a couple years. The center estimates that by 2030 only about 70 percent of households would continue to have a tax break.

The center also estimates that nearly 60 percent of the tax benefits would go to those in the top quintile of annual incomes (about $217,000 or more). Those households would receive an average tax cut of $12,500.

Because the rich pay more, you dufus!

The middle and working classes are having their taxes reduced by a greater percentage than the rich.

 

[Mac1958]

 

[Jroc]

Where did you make up that figure from?

The meem told him That

 

[Admiral Rockwell Tory]

The meem told him That

The what?

 

[iamwhatiseem]

Yay! The party of fiscal responsibility adds another $3.3 trillion to the debt so Trump can give himself another multi-million dollar tax cut!

"Yeahbut...he donates his salary..."

When Trump was President the first term - the federal government took in record revenue.
Despite the tax cuts

 

[22lcidw]

Most households — about 85 percent — would get a tax cut in 2026, according to an analysis from the Tax Policy Center. But while many of the bill’s changes are permanent, other provisions, such as the new deduction for seniors, are set to expire within a couple years. The center estimates that by 2030 only about 70 percent of households would continue to have a tax break.

The center also estimates that nearly 60 percent of the tax benefits would go to those in the top quintile of annual incomes (about $217,000 or more). Those households would receive an average tax cut of $12,500.

This argument is endless. Pros and cons. When you come to power again put your actions where your mouth is. Tax the rich through the wazoo and end all of this. Then we will see what will happen. Rich individuals and corporations at massive rates.

 

[TemplarKormac]

Excellent. **** those rural MAGAs.

Ahh. Noted.

 

[Jroc]

The what?

Memes do the thinking for people who can't think for themselves in other words...sheep

 

[eagle1462010]

20% of Overtime deduction at the end of year is a big ******* deduction.

Of course oil and gas, and construction can be 50% of income, but still good shot at a very large deduction.

 

[eagle1462010]

The One Big Beautiful Bill Passed: Learn What's Changing.

$25000 deduction end of year.

 

[Admiral Rockwell Tory]

Memes do the thinking for people who can't think for themselves in other words...sheep

No, you said "meems". Never heard of it. Use spellcheck or proofread your posts.

 

[Jroc]

No, you said "meems". Never heard of it. Use spellcheck or proofread your posts.

Whatever and spell check is two words

 

[ThisIsMe]

Another false equivalence.

How so? Its the same equivalence

 

[TemplarKormac]

Hmm, the jubilation over this isn't quite as fervent as I thought it would be.

 

[eagle1462010]

Hmm, the jubilation over this isn't quite as fervent as I thought it would be.

Im overall happy. Next year hope to get another 20% tax deduction on overtime. Up to $25000 extra.

Not bad at all.

 

[Admiral Rockwell Tory]

Whatever and spell check is two words

Not according to my spellcheck!