What’s in the Senate Version of the Big Beautiful Bill?

 Overview of the Vote-a-Rama for the One Big Beautiful Bill Act

- Senators will start a series of votes to pass the One Big Beautiful Bill Act.

- The voting session, known as a “vote-a-rama,” will likely extend into Tuesday.

- The legislation seeks to implement major changes to U. S. policy and funding over 10 years.

- It aims to fulfill President Trump’s “Make America Great Again” promises.

- Trump desires final passage of the bill by July 4.

- The Senate previously approved advancing the legislation with a 51-49 vote.

Key Components of the Bill

- America First Healthcare

- 2017 Tax Cuts Extended

- The bill extends tax cuts from the 2017 Tax Cuts and Jobs Act.

- Tax rates would revert to pre-2017 levels if not extended by fiscal year 2025.

- Child Tax Credit Boosted

- Raises the Child Tax Credit from $2,000 to $2,200 and makes it permanent.

- Reduced Taxes on Overtime, Car Loans, Tips

- Deduction for the first $25,000 in tips and up to $12,500 for overtime pay.

- Deduction up to $10,000 for car loan interest on American-made vehicles.

- $6,000 Social Security Deduction for Seniors

- Allows seniors to deduct $6,000 from their Social Security income, subject to income limits.

- Funding Immigration and Border Security

- Allocates $150 billion for immigration enforcement and border security.

- Includes nearly $30 billion for Immigration and Customs Enforcement.

- $45 billion dedicated to detaining illegal immigrants and $46. 5 billion for the border wall.

- Defense Funding

- Appropriates $157 billion for defense.

- Funding includes enhancements for U. S. maritime capabilities and support for Israel's defense project.

- Clean Energy Tax Credits

- Cuts several clean energy tax credits, including those for electric vehicles.

- Tax on new wind and solar projects that use foreign components.

- Medicaid and Rural Hospitals

- Imposes an 80-hour work requirement for able-bodied adults on Medicaid.

- Allocates $25 billion to support rural hospitals.

- SNAP Cuts

- Requires states to contribute to SNAP payments for the first time.

- Increases states’ administrative cost share from 50% to 75%.

- $5 Trillion Debt Ceiling Increase

- Proposes an increase of $5 trillion to the U. S. debt ceiling.

- $40,000 SALT Cap

- Increases State and Local Tax (SALT) deduction cap from $10,000 to $40,000.

- Education Policies Tweaked

- Adjusts Pell Grant eligibility and proposes two student loan repayment plans.

- Taxes college endowments based on their wealth.

- Restrictions on Regulating AI

- States must not regulate AI for 10 years to access a new broadband fund.

Provisions Cut From the Bill

- Several provisions were ruled ineligible for reconciliation, requiring 60 votes.

- Notable cuts included proposals related to immigration law enforcement and federal workforce.

- Other dropped proposals included federal land sales and tax cuts on certain firearms.

Conclusion

- The bill is a significant legislative effort embodying key aspects of Trump's agenda and involves contentious issues, including tax policies, immigration, healthcare, and education reform.

https://www.theepochtimes.com/us/whats-in-the-senate-version-of-the-big-beautiful-bill-5880045