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Today in my "Big, Beautiful Bill" newsletter -- a blow-by-blow of what the House is kicking around in Trump's giant tax, spending & national security bill. Did I miss something you want me to dig into? Or got a news tip? I'm on Signal at jacobbogage.87. www.washingtonpost.com/politics/202...
Apr 21, 2025, 3:11 PM
{ "uri": "at://did:plc:4ibal4ufwcfcg32o4x3vfdow/app.bsky.feed.post/3lndh5wljnk2x", "cid": "bafyreiejqebeqr2tqykmemtivzcbnejnnbne3csfrdhj6nklsmo7ex4eam", "value": { "text": "Today in my \"Big, Beautiful Bill\" newsletter -- a blow-by-blow of what the House is kicking around in Trump's giant tax, spending & national security bill.\n\nDid I miss something you want me to dig into? Or got a news tip? I'm on Signal at jacobbogage.87.\n\nwww.washingtonpost.com/politics/202...", "$type": "app.bsky.feed.post", "embed": { "$type": "app.bsky.embed.images", "images": [ { "alt": "Agriculture. The major issue is SNAP, the Supplemental Nutrition Assistance Program formerly known as food stamps, and it depends how aggressive the GOP wants to get. Republicans could recalculate benefit formulas that would reduce how much needy families would receive, cutting $274 billion in spending. They could add work requirements ($5 billion in savings) and cap maximum benefits ($2 billion). Or they could do all of the above. Expect this committee to be a lightning rod.\nArmed Services. This is one of the few committees that will get spending, rather than saving, authority. Let’s watch to see whether projects from Trump’s proposed “Golden Dome” continental missile defense system get included, or even just talked about.\nEducation and Workforce. Expect this to focus on eliminating Biden’s student loan forgiveness program ($127 billion in savings).", "image": { "$type": "blob", "ref": { "$link": "bafkreidyyxhczfo5sxrtjblqroykxb5jqkqa4i76ow5ik4siwtmnu5fwte" }, "mimeType": "image/jpeg", "size": 406250 }, "aspectRatio": { "width": 1308, "height": 1264 } }, { "alt": "Energy and Commerce. The Big Kahuna — Republicans need E&C’s markup to go well, or it could sink the entire bill. The committee has jurisdiction over Medicare and Medicaid. Republicans have said they won’t touch benefits for these programs — but the math says otherwise, as we reported in March. Medicaid work requirements ($100 billion in savings) are a done deal for inclusion, lawmakers tell me, along with twice-annual eligibility checks. Medicare site neutrality ($146 billion in savings) is also on the table. The committee could also raise revenue through new auctions of electromagnetic spectrum frequencies ($70 billion).\nFinancial Services. The Consumer Financial Protection Bureau is on the menu. The GOP could try to eliminate the agency and cut funding for other financial regulators.\nHomeland Security. Homeland gets to spend money, as well. Expect billions to head toward completing Trump’s border wall and for new technology to police the border with Mexico.", "image": { "$type": "blob", "ref": { "$link": "bafkreifhkjyfiutozmgtvxmucok63v57m57ergl446kuujmbmzfzkkwid4" }, "mimeType": "image/jpeg", "size": 456101 }, "aspectRatio": { "width": 1328, "height": 1334 } }, { "alt": "Judiciary. Another spender. Rep. Jim Jordan (R-Ohio) chairs the committee and will need to put up money to fund detention facilities for Trump’s mass deportation campaign. It hopes to raise revenue by increasing fees charged to immigrants entering the country, which Republicans hope will foreclose possibilities for impoverished migrants to enter legally.\nNatural Resources. Two words: Oil leases. If it can make it through the Senate parliamentarian, the committee hopes to mandate new permissions for oil drilling in protected Alaska wildlands and offshore wells. Oh, and expect a brawl over repealing clean energy investments from Biden’s Inflation Reduction Act.\nOversight. Federal workers may take this one on the chin. Rep. James Comer (R-Kentucky) chairs the panel that is looking at mandating employee contributions to retirement funds ($44 billion in savings) and reducing benefits for federal pensions ($4 billion).", "image": { "$type": "blob", "ref": { "$link": "bafkreigollneim4pz7l7da6kywvo7w2ze6sdljvfcxgtwweh6uxwcfjphi" }, "mimeType": "image/jpeg", "size": 440369 }, "aspectRatio": { "width": 1300, "height": 1330 } }, { "alt": "Transportation and Infrastructure. T&I doesn’t have to cut very much to meet its $10 billion goal. A lot of those cuts will come from Inflation Reduction Act programs and maybe even from the popular and bipartisan Infrastructure Investment and Jobs Act, which Trump has panned.\nWays and Means. The Main Event. Chairman Jason T. Smith (R-Missouri) and his group have agreed to extend the individual portions of Trump’s 2017 Tax Cuts and Jobs Act. The Joint Committee on Taxation says that will cost $5.5 trillion. After that? Everything is up in the air. Trump wants no taxes on tips, overtime wages and Social Security benefits. He wants to raise the cap on the state and local tax deduction and lower the corporate tax rate. Combined, those cost up to $11 trillion, according to the nonpartisan Committee for a Responsible Federal Budget. Oh, and Trump has recently called for an auto loan interest deduction. That would be another $100 billion, the Urban-Brookings Tax Policy Center calculated last year.\n", "image": { "$type": "blob", "ref": { "$link": "bafkreidbpq2gcouocgvn5hlgg6x4w6k6y5gsms7y6fz4xyanqmnzjc667a" }, "mimeType": "image/jpeg", "size": 517427 }, "aspectRatio": { "width": 1296, "height": 1334 } } ] }, "langs": [ "en" ], "facets": [ { "index": { "byteEnd": 294, "byteStart": 256 }, "features": [ { "uri": "https://www.washingtonpost.com/politics/2025/04/21/art-ceasefire/", "$type": "app.bsky.richtext.facet#link" } ] } ], "createdAt": "2025-04-21T15:11:20.163Z" } }