US EditionEstimated Budgetary Effects of H.R. 1_ the One Big Beautiful Bill Act (CBO - Congressional Budget Office)
- U.S. Representative Tom Emmer discussed President Donald Trump's "One Big Beautiful Bill Act" during a tele-town hall on June 4, emphasizing its economic benefits and border security efforts.
- The House of Representatives passed the bill, which includes $3.75 trillion in tax cuts and $350 billion for border security, by a vote of 215 to 214.
- Emmer claimed that the proposed spending bill would not increase the deficit, dismissing media reports as ridiculous, and expected economic growth within six to twelve months.
- Critics argue that the bill's increase in the SALT cap would encourage higher taxes and spending by states, undermining goals set by the Trump administration. They described it as bad policy and urged Senate amendments to reduce the cap.
11 Articles
11 Articles
How The “One Big Beautiful Bill Act” Would Hold Colleges Accountable For Outcomes
This post is a lightly edited excerpt of a forthcoming report. On May 22, the US House of Representatives passed the One Big Beautiful Bill Act (OBBB), a milestone step in the budget reconciliation process. The bill includes a set of reforms to hold colleges accountable for their students’ earnings and loan repayment outcomes. These proposals would be the boldest federal higher education accountability policies enacted in decades. OBBB creates f…
SADOW: Start Wringing Liberal Populism Out of LA Budget
Liberal populists largely may have been evicted from power in Louisiana, but their ethos lives on, according to budgetary politics in the Senate to date for next year’s state spending plan. More often than not, after the general appropriations bill HB 1 makes it way from the House of Representatives, where constitutionally it must start, […] The post SADOW: Start Wringing Liberal Populism Out of LA Budget appeared first on The Hayride.
SALT Subsidies Are Crowding Out Positive Tax Reforms in the One Big Beautiful Bill Act
The House of Representatives passed its version of the fiscal year (FY) 2025 budget reconciliation bill on May 22 by the narrow margin of 215 to 214, with one Member voting present. The bill, titled the One Big Beautiful Bill Act (OBBB), now moves to the Senate, which will have the opportunity to amend or rewrite the legislation. Significant changes to the legislation in the Senate are likely. Assuming the reconciliation bill that passes out of …
Emmer promotes ‘one big, beautiful’ bill, criticizes media and state officials
ST. CLOUD — President Donald Trump’s “one big, beautiful” spending bill took front and center at U.S. Rep. Tom Emmer’s tele-town hall on Wednesday, June 4. The 6th District Republican congressman stressed that the bill would boost the economy, tackle the national debt and increase border security. “Once we pass this bill, I’m confident that within the next six to 12 months, you are going to see an economy humming like we have not seen since befo…
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