The 215-214 House vote, with one abstention, was met with loud cheers by House Republicans. Some of the key provisions include:
Extension of Trump-era tax cuts and new relief, such as exempting tips and overtime from taxation.
The state and local tax (SALT) deduction cap will be increased to $40,000, with phase-outs for high earners.
Cuts to safety-net programs such as Medicaid and food stamps, alongside new work requirements starting in December 2026.
Rollbacks on clean energy tax credits, boosting fossil fuel incentives.
Major increases in military and border security spending.
New taxes targeting elite universities (e.g., Harvard and other Ivy Leagues) and immigrant remittances.
The elimination of EV tax credits, replaced by interest deductions on U.S.-built vehicle loans
It is interesting to note that Reps. Warren Davidson of Ohio and Thomas Massie of Kentucky were the only Republicans to vote against the Big, Beautiful Bill. They warned about mounting deficits that would result if the bill were passed.
British man attacked for entering a ‘no-go zone’ in London.
A horde of Islamists surrounded him and questioned why he was in ‘their’ neighborhood.
They threatened him and began chanting ‘Allahu Akbar’ as they kicked him out.
A 65-year-old couple retiring in 2025 with average earnings will receive an estimated $1.34 million in lifetime benefits, while contributing only $720,000 in today’s dollars.
That shortfall—more than $600,000 per couple—is being made up by younger workers.
“Most of the growth in spending has gone to retirement and healthcare, while programs that promote upward mobility... have been left behind”
https://www.newsweek.com/social-security-medicare-young-workers-cost-10477619