@fanuc2013 Tell me you didn't read the entire bill without telling me.

For starters, all those tax cuts to the rich are being funded by cutting my medical care and food, but you don't care about that, right? Why would you? That doesn't directly affect you in the slightest. And it also doesn't answer your question. You know what does?

https://www.cnn.com/2025/07/03/business/trump-big-beautiful-bill-business-economy

@fanuc2013 It doesnt .. the same 35-40% of people who paid zero federal tax in 2024 will pay zero federal tax when they file for 2025. Its liberal lies.

They might receive less in medicaid or food stamps .. but that is NOT paying more in federal taxes.

@BrandNewMan Repealing the IRA (one of the "savings" outlined in the Act) will result in the loss of tax credits that currently favour the poor. Combined with the loss of entitlements you describe above, those in the bottom quintile of earners (with less than $18K of income) will see around a -1.1% change in their household income (on average a loss of around $165, rising to $1,300 by 2033) while the richest 0.1% (earning over $4.4m) will see their household income increase by around 2.4% (on average $300,000) by 2027.

Always read the smallprint.

Source The Economist (1 July 2025).

@MrSmooTh Most countries levy tariffs, including the USA pre-Trump. This thread is about Trump's contradictory use of tariffs as a diplomatic tool while asserting that the revenue can be used as a substitute for income taxes.

@MrSmooTh You don't have the facts on your side, so you toss insults instead, SAD!!

Most nations have one or two domestic industries that they protect with tariffs, but the overall average rate is low. Prior to tRump's trade war, the average US tariff rate on imports from the EU was 1.47 percent, while on EU imports from the US it was 1.35 percent. Thus the US imposed negligibly higher tariffs: 0.12%.

You may have been fed a few cherry-picked examples, but the overall rates between the US and EU were very very low, and there was NOTHING to retaliate for. Now that tRump has started a trade war, the EU has reason to retaliate. You, dude, are the one who doesn't understand how tariffs work.

https://www.bruegel.org/analysis/economic-impact-trumps-tariffs-europe-initial-assessment

@Tastyfrzz touting the ccn talking points again

@Midlifemale Not really. It means it's a terrible bill.

@NerdyPotato
I don't think he does care to.

@Convivial I never do. I just sit here with my popcorn.

@Convivial what do you expect? It's not a real question.

@nudistsueaz you need to read it because your democratic friends cant read

@MistyCee yes please, because it looks nice on paper but has proven not to work in reality. So anyone still believing in that approach needs an update.

@NerdyPotato You just pretty much nailed it. I'm not great on economics and am not about to go chasing down stats on it, but the idea that all boats rise on a rising tide seems great until you realize boats need maintenance, a crew, and fuel, etc.

@BrandNewMan sounds more like you ran out of edge cases

@BrandNewMan MY POINT IS ANYONE CAN COAX AN AI!

And this is the second time you did it!

@BrandNewMan Hospitals

Hospitals are not happy with the health care provisions of the bill, which would reduce the support they receive from states to care for Medicaid enrollees and leave them with more uncompensated care costs for treating uninsured patients.

“The real-life consequences of these nearly $1 trillion in Medicaid cuts – the largest ever proposed by Congress – will result in irreparable harm to our health care system, reducing access to care for all Americans and severely undermining the ability of hospitals and health systems to care for our most vulnerable patients,” said Rick Pollack, CEO of the American Hospital Association.

The association said it is “deeply disappointed” with the bill, even though it contains a $50 billion fund to help rural hospitals contend with the Medicaid cuts, which hospitals say is not nearly enough to make up for the shortfall.

@BrandNewMan A 1% tax on remittances (another less remarked part of the Act) will definitely fall on the poorest.