Washington, DC…“President Trump’s proposed tax cuts, encapsulated in the ‘One, Big, Beautiful Bill,’ aim to extend the pro-growth and pro-worker legacy of the 2017 Tax Cuts and Jobs Act (TCJA), the White House told exclusively to The National News Desk.
The TCJA previously cut taxes across the board for working families, allowing Americans to allocate more of their earnings toward family, community, and future investments.
This initiative, along with business tax provisions, spurred a blue-collar boom characterized by record-high income gains, record-low poverty, and significant wage increases, particularly for low-wage workers, according to the White House. […]
The ‘One, Big, Beautiful Bill,’ according to the White House, seeks to further this growth by creating incentives to expand America’s domestic manufacturing base and providing targeted relief to workers affected by high inflation and sectoral declines.
Some of the key provisions provided by the Trump administration include eliminating taxes on tips and overtime, saving workers approximately $1,675 and up to $1,750 per year.
The bill also proposes temporary full expensing for new factories and lower tax rates on domestic manufacturing to enhance the industrial base and boost economic opportunities.
According to the White House, Enhanced Opportunity Zone incentives are expected to drive over $100 billion in investment, create more than 1 million new jobs, and lead to the development of hundreds of thousands of new homes in distressed communities, particularly in rural areas.
The Joint Committee on Taxation reported that the percentage decline in federal taxes is smaller for the top 1 percent under the bill, resulting in them taking on a greater share of total federal taxes.
The White House says that if the bill fails to pass, it could result in a $4 trillion tax hike, potentially leading to recessionary challenges.”
Click here to read the full story.
Click here to read the report from the Council of Economic Advisers.
White House Says…”Trump’s ‘One, Big, Beautiful Bill’ Promises up to $11,600 Wage Boost, New Jobs” added by admin on
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The bill could stop federal courts from enforcing their rulings, eliminating any restraint on Trump.
He is ignoring all rulings against his orders, opening inviting a contempt order, but the courts are reluctant to do so, the SCOTUS could, but won’t because of death threats against their families.
Mitt Romney regarding the 2nd impeachment trial of trump said” there were 5 Senators who wanted to convict, but due to death threats against their families chose not to.
So America now is ruled by a tyrannical mob boss who uses death threats to ignore any control over his orders.
I like how he threatened Republican Congress members with an assault on their next primary runs. It reminds me of how he would threaten small vendors (architect for example) with a lawsuit that would bury the vendor, in lieu of paying what was owed them. What great character!
Why don’t you go fuck yourself and get over it.
maga cheers on the loss of America.
This is what decades of the lies on Fox did, a generation of America hating know clueless nothings .
The original antifa was the WW2 vets.
If you ask a maga about it, they didn’t know that.
This the damage the lies of Fox does.
Trump just had his tariffs struck down by The Federal Trade Court ( which has a conservative republican majority) Wall Street new acronym for Trump on Tariffs.
TACO
Trump
Always
Chickens
Out
The President is and incompetent Fool.
Big Beautiful Bullshit Bill. What a joke we have as a President. The worst in history he is way in over his head and has nothing but unqualified stooges in his cabinet. Leaving a dirty fu€k stain on America . So sad to see.
This bill is just takes from the have nots to give to the have yachts.
According to Trump’s sidekick Musk, this bill will also create a $2 trillion plus deficit because of Trump’s personal golden dome and border wall projects. It past the House but not yet the Senate. And his bill doesn’t include all the tax dollars in court fees because he wants to do things his way. And the tax money spent rectifying his actions. He is going to bankrupt the US with all his big beautiful bill, America BS.
Tired of all the lies yet?
Rep. Tom Mcclintock voted for this terrible bill which is chock-full of incentives for billionaires and special interests. Let him know what you think: 1-202-225-2511
Fuk that nut sak excrement McClintock. What a koksucker.
Carpetbagger Tom!!!!!
Dow tumbled again. When will the winning start? When will groceries and mortgages. Come down? When will the war end in Ukraine? When will the children be fed in GAZA? When will our cherished veterans be taken care of? All things that were supposed to be done on Trumps first day in office. At this point he has deported less immigrants than Biden did . Faux News won’t tell you that. Fu€k Trump!
PS it’s still the Gulf of Mexico