BEGIN:VCALENDAR VERSION:2.0 PRODID:-//InvisionCommunity Events 5.0.18//EN METHOD:PUBLISH CALSCALE:GREGORIAN REFRESH-INTERVAL:PT15M X-PUBLISHED-TTL:PT15M X-WR-CALNAME:RMCommunityCalendar NAME:RMCommunityCalendar BEGIN:VTIMEZONE TZID:Europe/London TZURL:https://tzurl.org/zoneinfo/Europe/London X-LIC-LOCATION:Europe/London BEGIN:DAYLIGHT TZOFFSETFROM:+0000 TZOFFSETTO:+0100 TZNAME:BST DTSTART:20250330T020000Z RRULE:FREQ=YEARLY;BYMONTH=3;BYDAY=-1SU END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:+0100 TZOFFSETTO:+0000 TZNAME:GMT DTSTART:20251026T020000Z RRULE:FREQ=YEARLY;BYMONTH=10;BYDAY=-1SU END:STANDARD END:VTIMEZONE BEGIN:VEVENT SUMMARY:The One Big Beautiful Bill 07/03/2025 in various ways DTSTAMP:20250704T105901Z SEQUENCE:0 UID:373-7-c3fe8195a3dde498d013e477e2142422@aalbc.com ORGANIZER;CN="richardmurray":noreply@aalbc.com DESCRIPTION:\n Here is a summary\, full video reading\, link to the comp lete text as a pdf\, text block\n\n\n\n  \n\n\n\n FULL VIDEO READING\n\n\ n\n \n\n\n\n  \n\n\n\n FULL PDF  TEXT 940 pages\, get a cup of coffee\n\ n\n\n https://www.budget.senate.gov/imo/media/doc/the_one_big_beautiful_bi ll_act.pdf\n\n\n\n if the government deletes you can find it on my public storage\n\n\n\n https://1drv.ms/b/c/ea9004809c2729bb/EbZDmeqlfntGiGn1E02IY ZEBOO1r6iFbHDCHZ9IBK91SuA?e=EfDQLO\n\n\n\n  \n\n\n\n \n\n\n\n Full Text a s a video\, you can stop and start or scroll back and forth\n\n\n\n \n\n\n \n  \n\n\n\n \n\n SUMMARY- biased from the Associated Press\n\n\n\n  \n\ n\n\n What's in Trump's big bill that passed Congress and will soon become law\nStory by KEVIN FREKING and LISA MASCARO\n\nWASHINGTON (AP) — Repub licans muscled President Donald Trump's tax and spending cut bill through the House on Thursday\, the final step necessary to get the bill to his de sk by the GOP's self-imposed deadline of July 4th.\n\nAt nearly 900 pages\ , the legislation is a sprawling collection of tax breaks\, spending cuts and other Republican priorities\, including new money for national defense and deportations.\n\nDemocrats united against the legislation\, but were powerless to stop it as long as Republicans stayed united. The Senate pass ed the bill\, with Vice President JD Vance casting the tiebreaking vote. T he House passed an earlier iteration of the bill in May with just one vote to spare. It passed the final version 218-214.\n\nHere's the latest on wh at's in the bill and when some of its provisions go into effect.\n\nRepubl icans say the bill is crucial because there would be a massive tax increas e after December when tax breaks from Trump's first term expire. The legis lation contains about $4.5 trillion in tax cuts.\n\nThe existing tax rates and brackets would become permanent under the bill\, solidifying the tax cuts approved in Trump's first term.\n\nIt temporarily would add new tax d eductions on tip\, overtime and auto loans. There's also a $6\,000 deducti on for older adults who earn no more than $75\,000 a year\, a nod to his p ledge to end taxes on Social Security benefits.\n\nIt would boost the $2\, 000 child tax credit to $2\,200. Millions of families at lower income leve ls would not get the full credit.\n\nA cap on state and local deductions\, called SALT\, would quadruple to $40\,000 for five years. It's a provisio n important to New York and other high tax states\, though the House wante d it to last for 10 years.\n\nThere are scores of business-related tax cut s\, including allowing businesses to immediately write off 100% of the cos t of equipment and research. Proponents say this will boost economic growt h.\n\nThe wealthiest households would see a $12\,000 increase from the leg islation\, and the bill would cost the poorest people $1\,600 a year\, mai nly due to reductions in Medicaid and food aid\, according to the nonparti san Congressional Budget Office analysis of the House's version.\n\nThe bi ll would provide some $350 billion for Trump's border and national securit y agenda\, including for the U.S.-Mexico border wall and for 100\,000 migr ant detention facility beds\, as he aims to fulfill his promise of the lar gest mass deportation operation in U.S. history.\n\nMoney would go for hir ing 10\,000 new Immigration and Customs Enforcement officers\, with $10\,0 00 signing bonuses and a surge of Border Patrol officers\, as well. The go al is to deport some 1 million people per year.\n\nTo help pay for it\, im migrants would face various new fees\, including when seeking asylum prote ctions.\n\nFor the Pentagon\, the bill would provide billions for ship bui lding\, munitions systems\, and quality of life measures for servicemen an d women\, as well as $25 billion for the development of the Golden Dome mi ssile defense system. The Defense Department would have $1 billion for bor der security.\n\nTo help partly offset the lost tax revenue and new spendi ng\, Republicans aim to cut back on Medicaid and food assistance for peopl e below the poverty line.\n\nRepublicans argue they are trying to rightsiz e the safety net programs for the population they were initially designed to serve\, mainly pregnant women\, the disabled and children\, and root ou t what they describe as waste\, fraud and abuse.\n\nThe package includes n ew 80-hour-a-month work requirements for many adults receiving Medicaid an d food stamps\, including older people up to age 65. Parents of children 1 4 and older would have to meet the program’s work requirements.\n\nThere 's also a proposed new $35 co-payment that can be charged to patients usin g Medicaid services.\n\nMore than 71 million people rely on Medicaid\, whi ch expanded under Obama's Affordable Care Act\, and 40 million use the Sup plemental Nutrition Assistance Program. Most already work\, according to a nalysts.\n\nThe Congressional Budget Office estimates that 11.8 million mo re Americans would become uninsured by 2034 if the bill became law and 3 m illion more would not qualify for food stamps\, also known as SNAP benefit s.\n\nRepublicans are looking to have states pick up some of the cost for SNAP benefits. Currently\, the federal government funds all benefit costs. Under the bill\, states beginning in 2028 will be required to contribute a set percentage of those costs if their payment error rate exceeds 6%. Pa yment errors include both underpayments and overpayments.\n\nBut the Senat e bill temporarily delays the start date of that cost-sharing for states w ith the highest SNAP error rates. Alaska has the highest error rate in the nation at nearly 25%\, according to Department of Agriculture data. Sen. Lisa Murkowski\, R-Alaska\, had fought for the exception. She was a decisi ve vote in getting the bill through the Senate.\n\nRepublicans are proposi ng to dramatically roll back tax breaks designed to boost clean energy pro jects fueled by renewable sources such as energy and wind. The tax breaks were a central component of President Joe Biden's 2022 landmark bill focus ed on addressing climate change and lowering health care costs.\n\nDemocra tic Oregon Sen. Ron Wyden went so far as to call the GOP provisions a “d eath sentence for America’s wind and solar industries and an inevitable hike in utility bills.”\n\nA tax break for people who buy new or used el ectric vehicles would expire on Sept. 30 of this year\, instead of at the end of 2032 under current law.\n\nMeanwhile\, a tax credit for the product ion of critical materials will be expanded to include metallurgical coal u sed in steelmaking.\n\nA number of extra provisions reflect other GOP prio rities.\n\nThe bill creates a new children's savings program\, called Trum p Accounts\, with a potential $1\,000 deposit from the Treasury.\n\nThe Se nate provided $40 million to establish Trump’s long-sought “National G arden of American Heroes.”\n\nThere's a new excise tax on university end owments and a new tax on remittances\, or transfers of money that people i n the U.S. send abroad. The tax is equal to 1% of the transfer.\n\nA $200 tax on gun silencers and short-barreled rifles and shotguns was eliminated .\n\nOne provision bars for one year Medicaid payments to family planning providers that provide abortions\, namely Planned Parenthood.\n\nAnother s ection expands the Radiation Exposure Compensation Act\, a hard-fought pro vision from GOP Sen. Josh Hawley of Missouri\, for those impacted by nucle ar development and testing.\n\nBillions would go for the Artemis moon miss ion and for the exploration of Mars\, while $88 million is earmarked for a pandemic response accountability committee.\n\nAdditionally\, a provision would increase the nation's debt limit\, by $5 trillion\, to allow contin ued borrowing to pay already accrued bills.\n\nThe Senate overwhelmingly r evolted against a proposal meant to deter states from regulating artificia l intelligence. Republican governors across the country asked for the mora torium to be removed and the Senate voted to do so with a resounding 99-1 vote.\n\nA provision was thrown in at the final hours that will provide $1 0 billion annually to rural hospitals for five years\, or $50 billion in t otal. The Senate bill had originally provided $25 billion for the program\ , but that number was upped to win over holdout GOP senators and a coaliti on of House Republicans warning that reduced Medicaid provider taxes would hurt rural hospitals.\n\nThe amended bill also stripped out a new tax on wind and solar projects that use a certain percentage of components from C hina.\n\nAltogether\, the Congressional Budget Office projects that the bi ll would increase federal deficits over the next 10 years by nearly $3.3 t rillion from 2025 to 2034.\n\nOr not\, depending on how one does the math. \n\nSenate Republicans are proposing a unique strategy of not counting the existing tax breaks as a new cost because those breaks are already “cur rent policy.” Republican senators say the Senate Budget Committee chairm an has the authority to set the baseline for the preferred approach.\n\nUn der the alternative Senate GOP view\, the bill would reduce deficits by al most half a trillion dollars over the coming decade\, the CBO said.\n\nDem ocrats say this is “magic math” that obscures the true costs of the ta x breaks. Some nonpartisan groups worried about the country's fiscal traje ctory are siding with Democrats in that regard. The Committee for a Respon sible Federal Budget says Senate Republicans were employing an “accounti ng gimmick that would make Enron executives blush.”\n\n\n\n\n\n URL\n\n\ n\n https://www.msn.com/en-us/news/politics/whats-in-trumps-big-bill-that- passed-congress-and-will-soon-become-law/ar-AA1HVdHv?ocid=BingNewsSerp\n\n DTSTART;VALUE=DATE:20250703 RRULE:FREQ=YEARLY;INTERVAL=1 END:VEVENT END:VCALENDAR