2017 GOP Tax Cut & Jobs Act EXTENDED via Trump’s One Big Beautiful Bill Act (OBBA). Signed Into Law On July 4, 2025

Loose

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Just realized republicans said fukk the senate parliamentarian:dead:
 

the cac mamba

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in a way, this was inevitable

it's election cycle after election cycle, of these poor, white trash MAGAs in the rust belt and the appalachians, voting republican for no tangible reason. getting the republican party over the finish line in the swing states. well, now they're gonna get their fukkin medicaid and food stamps taken away by the people they voted for. all perpetuated by the host of Celebrity Apprentice
 

the cac mamba

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so what is there to like?

republicans will obviously be able to claim SOME short term, tangible wins out of this. what are they, and when do they kick in?

i remember trump 1.0, the tax cut wax written at the end of 2017, and it kicked in 2018
 
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the cac mamba

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interesting that swing Dems are on the defensive about that, in a swing district

and i can see why. as someone who gets up for work 5 days a week, to pay for health insurance, why the fukk should i care about this?
 

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Here are expected impacts of The recently passed “One Big Beautiful Bill Act” (BBB) for federal contractors and grantees.

1. Financial Ramifications: The Congressional Budget Office (CBO) forecasts that the BBB will escalate the federal deficit by around $3.8 trillion and cut federal revenues by $3.3 trillion over the next decade. This is likely to result in higher interest payments, potentially squeezing discretionary spending for federal agencies.

2. Shift in Funding Focus: The BBB directs substantial resources towards defense and border security, with defense expenditure expected to surpass $1 trillion annually. This shift may lead to a decreased emphasis on procurement and grants in other sectors.

3. Effects on Contractors and Grantees:
- Increased competition for contracts and grants due to tighter budgets.
- Possible delays in payments or contract awards as agencies adapt to new fiscal realities.
- Potential industry consolidation due to reduced spending.

In summary, the “One Big Beautiful Bill Act” is anticipated to foster a more competitive landscape for federal contractors and grantees with fewer financial resources available.
 
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