The final version of the “Big Beautiful Bill’ passed the House on 7-3-25. It will require a “nod” from the Senate and then it will go the Whitehouse and Trump will sign it into Law.
The
final version of the reconciliation bill passed by the House of
Representatives, also known as the "One Big Beautiful Bill Act,"
included numerous provisions spanning various areas like taxes, spending cuts,
border security, and student loans. This version of the bill passed the House
by a narrow margin on May 21, 2025.
Here's a summary of key final changes and notable provisions present in the House version:
The
House-passed reconciliation bill contains several provisions:
· Tax
Provisions: Key tax changes include making the 2017 Tax Cuts and Jobs Act
rates permanent, enhancing the standard deduction and child tax credit,
increasing the estate tax exemption, and including temporary tax breaks for
tips, overtime, and passenger vehicle loan interest. The bill also temporarily
raises the state and local tax (SALT) deduction cap and allows businesses to
immediately deduct equipment and research costs.
· Spending Cuts: The
bill proposes significant cuts to Medicaid by implementing work requirements,
restricting state taxes on healthcare providers, increasing eligibility checks,
and changing eligibility based on immigration status. It also reduces SNAP
spending by shifting costs to states and adding work requirements, and
eliminates certain student loan repayment plans while imposing new borrowing
limits.
· Border Security and
Immigration: The bill allocates funding for border wall construction,
updating CBP facilities, ICE enforcement and deportation operations, and
reimbursing states for immigration enforcement costs. It also increases various
immigration application fees and includes a provision to limit judicial
oversight in certain immigration enforcement circumstances.
· Student Loans: The bill revises student loan repayment options, imposes new limits on federal borrowing (including Parent PLUS loans), and eliminates deferment options for unemployment or economic hardship while allowing loan rehabilitation twice.
Important
Notes:
· The Senate passed a
different version of the reconciliation bill on July 1, 2025, which had
variations, particularly with deeper proposed Medicaid cuts.
· Some Senate provisions
were removed due to reconciliation rule violations as determined by the Senate
Parliamentarian.
· The Senate bill has
returned to the House for further consideration.
· Last-minute changes in the Senate version included adding a fund for rural hospitals and removing a ban on gender-affirming care in Medicaid.
Please remember that this is a summary of the House-passed version of the reconciliation bill, and the final version could change during further negotiations between the House and Senate.
What are the final changes to the reconciliation bill passed by the house ?
The
most recent major reconciliation bill passed by the House of Representatives is
the
One Big Beautiful Bill Act (H.R. 1), passed on May 22, 2025. It was a sweeping package designed to advance key policy priorities related to taxes, border security, defense, energy, and the debt limit.
The
bill included the following major changes:
1.
Tax
Provisions: Key tax-related changes included extensions and modifications
to the 2017 Tax Cuts and Jobs Act, new tax breaks for individuals, rollbacks of
clean energy tax credits from the Inflation Reduction Act, and increased taxes
on tax-exempt organizations.
2.
Health
Provisions: The bill proposed changes to health programs, such as Medicaid
cuts and restrictions, and modifications to commercial insurance and ACA
coverage.
3. Other Provisions: Additional provisions in the bill addressed border security, increasing funding for border security and a nationwide deportation initiative, and authorized an increase in the federal debt limit by $5 trillion.
Important
Notes:
· The bill has moved to
the Senate for further consideration and potential changes.
· Different organizations
have varying estimates of the bill's cost and economic impact.
· Reports suggest the
Senate's version may have a higher cost than the House version.
· For the bill to become law, it must pass both the House and Senate in identical form and be signed by the President.
Comments
The final Bill included the House version and the Senate amendments.
The “back and forth” between the House and Senate and their “referees” reveals the “kabuki dance” that inspired the quote made by German Chancellor Otto von Bismark in 1869: ‘Those who like sausages and laws should never watch either of them being made’.
US House and Senate votes are controlled by conflicting priorities between voters, business interests and Left- Wing Marxist Billionaires nut bags like Soros.
It is unlikely that anything will improve in the US Congress unless Campaign Finance Laws are restricted to contributions to “Voters Only”. House Reps and Senators are not likely to approve this at the State level, although it would put them on “equal footing”.
Norb Leahy, Dunwoody GA Tea Party Leader
No comments:
Post a Comment