Big Beautiful Bill
I'm Tomi Lahren, more next.
Look, the big beautiful bill isn't perfect. Good luck getting a perfect bill out of this Congress or any Congress, we won't live to see that day.
The most important thing this bill does is fund border enforcement and deportations.
And I realize the Medicaid stuff is really in the weeds for a lot of us but let me just say this, there is no reason hard working Americans should be endlessly subsidizing able bodied adults who choose not to work or not to work hard.
And it's also worth noting that this bill doesn't 'cut' medicaid. Medicaid has ballooned into such a scam-ridding fraudulent, money laundering enterprise that these so-called cuts just 'cut' down on that.
Medicaid growth still is, and has been outpacing inflation. The BBB cuts down on the GROWTH of medicaid.
I understand politicians don't like to be charged with cutting anything, but it's worth noting these programs are going to go broke if something doesn't change.
Perfect is the enemy of good and this bill is good enough.
I'm Tomi Lahren and you can watch my show 'Tomi Lahren is Fearless' at Outkick.com
Learn more about your ad choices. Visit podcastchoices.com/adchoices
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
USA Today
an hour ago
- USA Today
How save thousands stacking Trump's new tax credits for cars with Biden's
If you've been thinking about buying a new electric vehicle, you could have as little as three months to bundle tax credits from both Joe Biden's and Donald Trump's administrations. Consider how each president's signature piece of legislation could help you save on a new car: ◾ 2022 Inflation Reduction Act: The Biden-era incentive gives you up to a $7,500 tax credit for new, plug-in EVs or fuel-cell electric vehicles. Trump's massive tax and spending policy bill will end this credit as early as Sept. 30. ◾ 'Big Beautiful Bill': Trump's new law offers an annual tax credit of up to a $10,000 on the interest of loans for new vehicles as long as they're less than 14,000 pounds and assembled in the United States. It covers purchases made in 2025 through 2028. How long Biden's and Trump's tax credits for new cars last More: What new version of Trump's 'Big, Beautiful Bill' could mean for EV car buyers and automakers How to stack the auto tax credits Here's how combining Biden's and Trump's tax credits over the next four years could save you a hunk of money on an EV: A new EV might not be the best investment To be sure, this strategy might not be the best way to stretch your dollar. But perhaps you're set on purchasing a new EV with the latest gadgets and upgrades. The average price paid for a new EV this year has been $57,734, according to Kelley Blue Book. Even with the $7,500 tax credit, the EV premium over a gas-powered car is about $1,500. The math tips in favor of EVs when you look at the five-year fuel costs: $9,490 for gas-powered vs. $4,295, according to Kelley Blue Book. If you can live without the new-car smell, used EVs' average listing price this year is about $20,000 less than for new models, according to Kelley Blue Book. You can also get a $4,000 tax credit from Biden's legislation for a used EV, but that wouldn't qualify you for the Trump tax credit. Some additional fine print to consider if you use either of these tax credits ◾ Big Beautiful Bill: The tax credit for auto loans phases out for incomes between $100,000 and $150,000 for an individual and between $200,000 and $250,000 if you file jointly. It's not available for fleet purchases, commercial vehicles or leasing. ◾ Inflation Reduction Act: To take advantage of the EV credit, you also must buy the car − assembled in North America − for your own use. Your income must to fall below $150,000 for an individual and $300,000 for those filing jointly.
Yahoo
an hour ago
- Yahoo
House passes Trump's 'big, beautiful bill' as opponents flip
The House of Representatives sent Donald Trump's "Big, Beautiful Bill" to the president for his signature Thursday after a record-setting and emotional debate over a piece of legislation that will be felt across the economy for years to come. The final vote was 218-214, with just two Republicans voting no in the end. House Speaker Mike Johnson whittled down a list of over two dozen GOP holdouts who were objecting to the bill as recently as Wednesday to just Reps. Thomas Massie of Kentucky and Brian Fitzpatrick of Pennsylvania. White House Press Secretary Karoline Leavitt quickly announced after the vote ended that Trump would sign the bill on Friday at 5 p.m. ET at a White House ceremony, adding "this bill is going to create an economic boom for the United States of America." The approval came after a pressure campaign from the White House and yet another all-night session on Capitol Hill that satisfied Republican holdouts concerned about the multitrillion-dollar price tag and healthcare cuts. The vote also came after Democratic Minority Leader Hakeem Jeffries held the floor — for what C-SPAN confirmed was a new length record — to lambast the bill for more than eight hours. He said that he spoke so that the final vote would happen 'in the light of day' and at another point calling the legislation a "crime scene." But Johnson and his colleagues celebrated final passage soon after Jeffries yielded, with the House speaker saying just before the vote commenced that "this day is a hugely important one" and describing it as part of a long list of recent Trump wins. He and his colleagues soaked in a victory many were skeptical could ever happen — the weaving together of a wide array of Republican priorities into a single bill and sending it to Trump before his self-imposed July 4 deadline. What in the end appears to have allowed Johnson to move many of these recalcitrant lawmakers into the yes column were not any changes to the bill itself — today's vote approved the 870-page bill that passed the Senate earlier this week with zero changes — but with promises from Trump of things like executive actions to address their concerns. Read more: Taxes, energy, and healthcare: 3 ways Senate's Trump megabill impacts the business world The back-and-forth Thursday was just the latest twist in days of negotiations over a reconciliation package that is set to reshape large swathes of the US economy, especially in areas of taxes, energy, and healthcare. The package also includes a $5 trillion debt ceiling increase and is projected to unleash new borrowing that will lead the US national debt to surpass $40 trillion in the coming years. Economists have likewise noted the final price tag, which could lead to $4 trillion in new debt over the coming decade, and critiqued an accounting gimmick Republicans employed to hide much of that red ink. It's a bill also set to be felt in American pocketbooks with provisions like no taxes on some tips, cuts to student loans and the Pell Grant program, an increase in state tax deductions, and a range of other provisions, even so-called MAGA accounts for young children. The process proved exceptionally contentious in recent days, largely over the healthcare portion of the bill, which appears set to extract hundreds of billions in government savings but cause millions to lose their coverage. Clean energy was another key last-minute flash point, with Tesla (TSLA) CEO Elon Musk perhaps the loudest voice in opposition. That portion of the bill saw provisions added and subtracted in rapid succession during the Senate debate, sending solar stocks gyrating. It ended with a final product that didn't include at least one of the harshest ideas, but is nevertheless set to have the US government move away from any significant role in renewable energy in the years ahead. A first step will be felt quickly with a plan to eliminate electric vehicle credits on Sept. 30 of this year. Democrats, for their part, promised to make the bill a political albatross for Republicans and have signaled plans to talk nonstop about the package between now and next year's midterm election. "Don't ever lecture us about fiscal responsibility: Not now, not ever," Jeffries said at one point in his Thursday morning speech. Sen. Elizabeth Warren of Massachusetts said in her own reaction after the vote: "We will never let the Republican Party forget." A particular political focus is expected to be on the healthcare provisions that, according to an accounting from the Congressional Budget Office that came in over the weekend, could cause 11.8 million additional Americans to become uninsured by 2034. A series of polls has also shown declines in the overall public support for the bill as the focus on healthcare has intensified. Even a recent Fox News national poll found a 21-point gap between those who say they are opposed (59%) and those who say they are in favor (38%). Read more: What is a healthcare FSA? The Democratic opposition also comes as Republicans clearly have mixed feelings about the bill with some of the healthcare cuts. Some Republicans continue to slam that portion of the bill as too politically painful. Meanwhile, some of their colleagues look at the exact same provisions and say the cuts are not deep enough to improve the fiscal situation. In just one example of Republican tensions, GOP Rep. Keith Self of Texas posted Wednesday just hours before voting began that the bill was "morally and fiscally bankrupt," before then voting yes on Thursday and saying "issues have now been addressed" even as he acknowledged "the bill is not perfect." This story has been updated with additional developments. Ben Werschkul is a Washington correspondent for Yahoo Finance. Click here for political news related to business and money policies that will shape tomorrow's stock prices
Business Insider
an hour ago
- Business Insider
Here are all the EVs that are set to get more expensive now that the 'Big Beautiful Bill' has passed
President Donald Trump's "Big Beautiful Bill" is about to make EVs even more expensive. On Thursday, the US House of Representatives passed Trump's tax and spending bill, and in doing so, killed the $7,500 tax credit for new, US-made electric vehicles. Trump signed the bill into law on Friday, meaning that the tax incentive will end on September 30th. Auto industry experts have previously warned that removing the $7,500 credit will make EVs even more unaffordable, and there are already signs that some automakers are starting to adjust their prices. Jeff Bezos-backed EV startup Slate Auto quietly removed the "under $20,000" expected price tag for its upcoming electric pickup truck from its website this week. The company had previously said it expected the customizable pickup to qualify for federal tax incentives. 20 electric and hybrid vehicles currently benefit from the $7,500 tax credit, according to the US Department of Energy's website — but for buyers looking to snap them up before the discount goes away, there are a couple of important caveats. For starters, not every version of those vehicles meets the criteria for the tax incentive. Some are limited to specific model years and trims. For example, only the 2026 version of the Hyundai IONIQ 9 qualifies for the tax credit. There is also a max retail price limit of $80,000 for vans, SUVs, and pickups, and $55,000 for all other vehicles. In addition, the credit is only available to buyers with an adjusted gross income of $150,000 or less, although the limit extends to $300,000 for married couples filing jointly and $225,000 for heads of households. There is also a separate federal tax credit of up to $4,000 for used EVs and hybrids, which applies to a much wider range of vehicles, but that will also come to an end in September once Trump signs the bill into law. Every EV that qualifies for the $7,500 tax credit Acura ZDX Cadillac LYRIQ Cadillac OPTIQ Cadillac VISTIQ Chevrolet Blazer Chevrolet Equinox Chevrolet Silverado Chrysler Pacifica (hybrid) Ford F150 Lightning Genesis Electrified GV70 GMC Sierra Honda Prologue Hyundai IONIQ 5 Hyundai IONIQ 9 Jeep Wagoneer S Kia EV6 Kia EV9 Tesla Cybertruck Tesla Model 3 Tesla Model X Tesla Model Y
