President Trump’s One Big Beautiful Bill officially passes the House

[sahgwa]

WhiteHouse.gov News

@whgovnews
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President Trump’s One Big Beautiful Bill: A Win for Workers, Farmers, and America’s Future

President Trump’s “One Big Beautiful Bill” is a sweeping legislative triumph
that includes the largest tax cuts in history,
landmark investments in America’s future and defense,
and permanent relief for small businesses.

The bill provides significant benefits to various sectors, including farmers, seniors, and the working class, through tax cuts, estate tax reform, and increased deductions. It also includes substantial funding for Arctic security and the U.S. Coast Guard, bolstering national security and maritime capabilities. https://whitehouse.gov/articles/2025/07/president-trumps-one-big-beautiful-bill-a-win-for-workers-farmers-and-americas-future/

[Image: https://denyignorance.com/uploader/image...41-374.jpg]

My understanding was that the BBB rather than protecting against AI misuse and mind control tech paves the way for it to be ubiquitous and abused, as if states cannot regulate AI on their own by this Federal law, then we have no protections? 
Its a horrible technofacsist step into CCP on steroids control and no CBDC or crypto fake money for those without biometric compliance and AI usage.

[putnam6]

My understanding was that the BBB rather than protecting against AI misuse and mind control tech paves the way for it to be ubiquitous and abused, as if states cannot regulate AI on their own by this Federal law, then we have no protections? 
Its a horrible technofacsist step into CCP on steroids control and no CBDC or crypto fake money for those without biometric compliance and AI usage.

To promote the discussion was kind of why I threw it there, I don't know much about the AI aspect of the BBB.

Ive pointed out the reasons most of Trump's moves so far have helped us immensely, our COL and CODB are down  

Throw the tax breaks lots of positives, YMMV.

I have to look into the AI angle, but much like crypto, it all depends on how far they will take. China is up to its neck in AI, perhaps it's prudent to atleast try to counter whatever capability China will have from it's AI program. 


I can see where it could be used completely authoritarian and nefariously, but what if it takes humanity to the next age on enlightenment

[putnam6]

[CriticalStinker]

[Image: https://denyignorance.com/uploader/image...ERhXQ.jpeg]

I believe the "no tax on" measures, are large cap write offs, but fair. The immigration measures are fair.

That said, the "restores fiscal sanity" and energy measures are disingenuous. 

The bill, on it's face will spend more. The only argument that it won't is that the tax cuts will increase revenue. Which, could happen, but it's bold to say it's definite. Technically, it will increase spending. Also, energy wise, we've been the number one oil producer ever year over year for the past handful. I think it's being a bit hyperbolic as if we have been anti oil.

[sahgwa]

 

I don't know much about it other than the nefarious AI aspects and basically 'more federal centralisation' which is always bad in my book, but this was an interesting essay /discussion I read today I think you might find enlightening, if obviously bias, it still has a lot of salient points.
Especially in regards to crashing the dollar and profiting the rich, since 'they' know the dollar is going to go down anyway: 

https://michael-hudson.com/2025/07/why-a...wn-future/


Plunder capitalism

I think that Trump’s bill — the (Republican) Big Beautiful (Budget Deficit) Bill — along with Trump’s tariff policy will have the effect of ending dollar hegemony and will lead to a falling exchange rate of the dollar because Trump has said he wants the dollar’s exchange rate to go down, imagining that this is going to make America’s industrial exports more expensive.
The problem is it doesn’t have many industrial exports anymore. They’re all made abroad.
So it’s a fantasy that somehow lowering the exchange rate of the dollar is going to cure America’s trade deficit and enable much more profit to be made and hence taxes to be paid. So it’s all a fantasy. It’s amazing junk economics. And looking at the newspaper and media coverage this morning, it’s all about how so many Republicans say: We can never be re-elected after we pass this bill. We’re not even going to run next time our Senate term’s up.
And some of the House Representatives have said — [Thom] Tillis, he can’t run again because the cutbacks in medical coverage and Medicaid are going to hurt his constituency so much that they just give up.
So the effect is going to end — the dollar’s free lunch — this exorbitant privilege of being able to run huge military and trade deficits, without having to see its exchange rate decline and prices rise. Now you’re having a flight out of the dollar. The dollar’s exchange rate has gone down 10%. That’s the largest decline since Franklin Roosevelt devalued the dollar in 1933. They’re running for the exit. So we’re seeing the end of an era. This bill is that important.
And it’s been an era that enabled the United States to finance both its balance-of-payments deficit and its budget deficit by printing IOUs — Treasury bonds — that supposedly would never have to be repaid. Because (we’ve discussed on an earlier show) when the United States spends money abroad, mainly for military purposes, these dollars end up in the hands of foreign central banks. And what are they going to do? In the past, until right now, for the last 54 years, they had only one choice: to recycle them into safe U.S. Treasury bonds, or federal agency bonds that have yielded a little bit more.
But for the first time now, they’re running for the exits. That’s what’s happened today.
...Well, that’s exactly what’s happening in the United States. We’re seeing what the classical economists realize: When you let the income be made not by production, not by industrial capital, businesses, or labor’s living standards, but solely in a financial way, that is purely manipulative, and turns out to be anti-labor and also anti-business.
That’s what’s ultimately so destructive about Trump’s Big Beautiful (Budget Deficit) Bill. And it makes a lot of free, easy money for the billionaires and those financial speculators and hedge funds and other capital funds. But in order to make money for themselves in this way, they’re willing to sacrifice the actual business....
...
 
Well, I would add that we should remember one more historical reality. Successive kings of France accumulated wealth. But when the accumulation of wealth reached absolutely insane proportions in the 18th century, when you would have unbelievable urban poverty in Paris, and an hour away, in Versailles, you would see, as you can still see today, the most spectacular collection and concentration of wealth imaginable by the last king. He’s also the one who got his head chopped off. That’s how that story of the accumulation… you know.
And when you watch Jeffrey Bezos take over the city of Venice for two weeks of indulgence of his wedding, when he arrives at the port in his $500 million dollar yacht, that’s what we’re watching. We’re watching this eon’s Versailles. And we’re going to get the next step of it, likely, also.
MICHAEL HUDSON: Well, the question then is: Can this return to civilization that we’re talking about be done without a military confrontation? Is America actually going to war with China? It’s trying to stir up fights against China, with Taiwan, with its neighboring countries. It’s trying to stir up fights in Central Asia against Russia.
China was able to make its reforms because there was a revolution in 1945.
And when China emerged as a country in 1949, they didn’t have a financial class. So, of course, the government had to create the money. But that took a revolution.
Will it take a revolution, a defensive revolution, for the BRICS, and this higher civilization, to emerge?
Because the violence will not be on their part. Marx pointed out that there would probably be violence by the privileged classes, the rentier classes, by the landlords and the wealthy against the people attempting to get a revolution, as you saw in the Paris Commune in 1871. It’s the people who have made wealth without working, who know that there are parasites who are willing to fight so hard, and so violently, to preserve their claims on wealth that consist of the ability to impoverish the rest of the population below them...
 

[putnam6]

I believe the "no tax on" measures, are large cap write offs, but fair. The immigration measures are fair.

That said, the "restores fiscal sanity" and energy measures are disingenuous. 

The bill, on it's face will spend more. The only argument that it won't is that the tax cuts will increase revenue. Which, could happen, but it's bold to say it's definite. Technically, it will increase spending. Also, energy wise, we've been the number one oil producer ever year over year for the past handful. I think it's being a bit hyperbolic as if we have been anti oil.

Im pretty sure this will work out better than the Build Back Better BS


When it comes to energy, I really hope we can keep prices low. And I think it’s time we consider embracing nuclear power as part of our green energy solutions.

[CriticalStinker]

Im pretty sure this will work out better than the Build Back Better BS

That's a low bar to be fair. 

I'd rather it just be good, than better than the worst.

[KrustyKrab]

That's a low bar to be fair. 

I'd rather it just be good, than better than the worst.

It will never ever be enough for the left regardless of what he does.  They’ve made that perfectly clear.

[DBCowboy]

I believe the "no tax on" measures, are large cap write offs, but fair. The immigration measures are fair.

That said, the "restores fiscal sanity" and energy measures are disingenuous. 

The bill, on it's face will spend more. The only argument that it won't is that the tax cuts will increase revenue. Which, could happen, but it's bold to say it's definite. Technically, it will increase spending. Also, energy wise, we've been the number one oil producer ever year over year for the past handful. I think it's being a bit hyperbolic as if we have been anti oil.

Oregon has initiated "fees" for processing tips in payroll in lieu of taxes.

[CriticalStinker]

It will never ever be enough for the left regardless of what he does.  They’ve made that perfectly clear.

Probably.

But you're forgetting about the forgotten majority. Democrats and Republicans are about 30%~ each. That means independents, third parties, and undecideds are the majority.

You're right though, the left will do everything, including be hypocritical to shame Trump and the right. 

But, if we're being honest, I suppose actions speak louder than words. And if it makes things easier, we could omit Trump from the discussion as he's so polarizing to have good faith debate. What has the right done in the last, idk, four decades? Take a look at debt, spending and foreign policy and tell me it's "common sense". Forgive me for this debate, you might be thinking that I'd say it would be better if it was someone from the left instead of them. I'm not, that's not my point. 

Every president in my life time has failed the American people. Very few people I know in life would disagree with that.