🚨NEW INSTA-SCORE🚨
Looks like the final Senate bill will add over $4 trillion to the debt, and violate the House budget instructions by ~$650 billion.
via @BudgetHawks
NEWS: Republicans plan to ENTIRELY DROP new limits on pass-through businesses’ SALT deductions as part of pending deal w/ blue-state House R’s, per multiple sources
HUGE win for biz groups fighting the crackdown. It raised btwn $35B & $40B
MORE in Midday from me & @JakeSherman
HOUSE PASSES GOP’S TAX AND SPENDING CUT BILL
215-214 vote. Two Republicans vote no - MASSIE and DAVIDSON. HFC Chair HARRIS votes present
Now the “One Big Beautiful Bill Act” heads to the Senate
JCT provides revenue estimates of the tax provisions of the Budget Reconciliation Legislative Recommendations Related to Tax and estimates of the distribution of the tax burden: https://t.co/z9Bp4bHmdA
https://t.co/EpzmqTgoAa
More on first piece of House GOP tax bill:
Of note - 2017 tax cuts have adjustments so current policy baseline is workable in Senate. W&M worked closely with Finance Committee esp in recent weeks
Plus, standard deduction boost & $2,500 max child tax credit through Trump’s term
"There will be roadblocks. If the President wants to do anything enduring, he needs Congress, and you guys know Congress as well as I do, if not better. It's going to be hard."
How much of President Trump’s agenda will come to fruition in his administration’s first 100 days? And will he have the necessary backing to push it through Congress?
Penta’s @BDeAngelis82 and @ylanmui are joined by @axios political reporter @HansNichols to discuss Trump’s unique media strategy, his flurry of executive orders, impending legislative hurdles, and more.
🎧 You can listen to the full episode here: https://t.co/rKJ6sgQaT7
Thanks Jeff Lawson for buying the Onion so we could get this great zoom in on electoral coverage. No other news source has gone to this level of detail.
Join @BDeAngelis82, @Ylanmui, and special guest Alex Sternhell as they break down the key moments from last night's historic debate. What’s at stake as we near Election Day? What does Taylor Swift's endorsement mean? Tune in to find out! Listen now: https://t.co/VHF8TO5bai
Annual update on Jackson Lake Lodge lobby coffee stand prices (medium drip coffee, including tax but not tip):
2022 $5.57
2023 $5.83 (+4.7%)
2024 $6.10 (+4.6%)
Not much disinflation here!
Harris rips “a Trump tax” that she said would raise prices on middle–class families by nearly $4,000 a year–a reference to Trump’s plans for massive new tariffs.
Follow along for updates: https://t.co/ZGh8mqfT5e
Small businesses owners do it all, but they might not have to. Entrepreneurs use AI to save time and boost creativity — but there are risks involved as well. Penta's @ylanmui discusses what AI means for SMBs with @_ImaniMA from @AEEquity on #WhatsAtStake. https://t.co/uDHniLpMYf