Latest news with #TheOneBigBeautifulBillAct
The Onion
03-07-2025
- Politics
- The Onion
What's In Trump's Big Beautiful Bill
President Donald Trump's budget megabill is in the House of Representatives after being narrowly passed by the Senate. Here are the key items in 'The One Big Beautiful Bill Act.' Funding for something called 'The Facility.' Smaller, phone booth–sized detention boxes on every American street corner. Coupon for 'buy two get one free' 12-packs of Coca-Cola products at ShopRite. A few new mean nicknames for Jeb Bush. A map of California inside a red circle with a cross through it. A glossy centerfold photo of a hot woman who is about to lose her health insurance. The end of treatment for those currently receiving CPR. Sen. Lisa Murkowski's world-famous moose tracks ice cream recipe. Moderate cuts to Medicaid compared to what's coming.
Engadget
02-07-2025
- Automotive
- Engadget
Tesla deliveries drop 14 percent amid Musk backlash
Tesla says it delivered 384,122 electric vehicles in the April-June timeframe, which is a 14 percent drop compared with the same period in 2024. It's also the second quarter in a row that sales have fallen year-over-year (YoY). The company produced 410,244 vehicles in Q2, which is very close to the 410,831 it made during the equivalent period last year. However, the company delivered more vehicles (443,956) than it produced in Q2 2024. That's not the case this time. The number of vehicle deliveries in Q2 2025 plummeted by nearly 60,000 YoY. The line has been trending downwards for a while now. The company saw a dip in annual deliveries for the first time in 2024. For the first quarter of 2025, Tesla reported 336,681 deliveries, which is a drop of 13 percent from the same three-month period in 2024. Multiple reports over the last several months suggested that Tesla sales had been falling in several markets . CEO Elon Musk reportedly fired Tesla's head of manufacturing and operations, Omead Afshar, last week as the numbers continued to sink. Various factors have played a hand in Tesla's declining sales numbers. For one thing, the company (which is focusing more on autonomous driving efforts such as the Robotaxi ) is facing tougher competition, particularly from Chinese manufacturers that are making less-expensive models. And then there's the Musk factor. So much of Tesla's success has been pegged to the public persona of its chief executive. But there's been a significant backlash against Musk in recent years, particularly after he became a major financial backer and advisor to President Donald Trump during the 2024 election campaign. After Trump's inauguration, Musk became the head of the administration's Department of Government Efficiency program, adopting a similar slash-and-burn approach to cost-cutting within the government to the one he undertook at X. Musk formally left his government role in May . In recent weeks, Musk has become an ardent critic of the Trump administration's major tax and spending bill. The proposed legislation — which is no longer officially called The One Big Beautiful Bill Act — passed the Senate on Tuesday and is set for another House vote. The bill includes provisions that could harm Musk's businesses, such as removing incentives for consumers to buy EVs. Trump has threatened to end contracts that Musk's companies have with the government amid a spat between the two men.
Indianapolis Star
28-05-2025
- Business
- Indianapolis Star
Donald Trump's 'big, beautiful bill'? Not to Elon Musk, DOGE: 'I don't know if it can be both'
President Donald Trump's "The One Big Beautiful Bill Act" has passed the U.S. House of Representatives and awaits a vote by the U.S. Senate, but how does DOGE head Elon Musk feel about the bill? We may be witnessing a crack in the bond between Musk and Trump. Watch what Musk told CBS Sunday Morning, Kentucky Senator Rand Paul's view with Fox News Sunday and more: DOGE stands for Department of Government Efficiency. The department was created for "modernizing Federal technology and software to maximize governmental efficiency and productivity." Yes. DOGE posted a couple of tweets of recent activity to an X account on May 25, 2025. According to the DOGE website, the government has saved approximately $1.75 billion through DOGE cuts for an average of $1,086.96 per taxpayer. However, multiple reports from The Atlantic, Newsweek and others have disputed these claims, noting the math doesn't add up as some contracts listed among the savings had already been canceled. According to the House Budget Committee, the bill "encompasses President Trump's full legislative agenda to restore economic prosperity in the United States. Lawmakers say "The One Big Beautiful Bill Act" is intended to provide tax relief for working families and small businesses; reverse the Biden-Harris administration's whole-of-government assault on domestic energy; rein in reckless spending that lit the fuse on inflation; and give the Trump Administration the critical resources they need to secure our border and strengthen our national security. Read all 47 pages breaking down each section of the "The One Big Beautiful Bill Act," provided by the U.S. House Committee on Ways & Means. The One Big Beautiful Bill Act passed the U.S. House of Representatives by a vote margin of 215-214 on May 22, 2025. The bill still needs to be approved by the U.S. Senate. Republicans have set a July 4 deadline for both chambers to pass the bill. Several Republicans in the U.S. Senate have expressed the need for changes to the bill. Among them was Kentucky Senator Rand Paul, who called spending cuts "wimpy and anemic" but noted he would support the bill "even with wimpy and anemic cuts if they weren't going to explode the debt" in an appearance on Fox News Sunday.
Yahoo
23-05-2025
- Business
- Yahoo
GOP holdouts sound alarm on $36T debt crisis as Trump's 'big, beautiful bill' passes House vote
House Republicans passed President Donald Trump's "one big, beautiful bill" on Thursday morning, working through overnight committee meetings, last-minute huddles in the speaker's office and even a last-minute assist from the president. But while House GOP leadership preached party unity as they passed The One Big Beautiful Bill Act by just one vote, two House Republican holdouts were unwavering in their concerns about the $36 trillion national debt crisis and ultimately voted "no." Reps. Thomas Massie, R-Ky., and Warren Davidson, R-Ohio, took their concerns to social media on Thursday, telling their constituents exactly why they bucked the Republican Party on Trump's key legislative agenda. "While I love many things in the bill, promising someone else will cut spending in the future does not cut spending. Deficits do matter and this bill grows them now. The only Congress we can control is the one we're in. Consequently, I cannot support this big deficit plan. NO," Davidson said early Thursday morning before the vote was final. Mike Johnson, Donald Trump Get 'Big, 'Beautiful' Win As Budget Passes House Massie responded soon after, telling Davidson he agreed and "if we were serious, we'd be cutting spending now, instead of promising to cut spending years from now." Read On The Fox News App House Gop Leadership Takes Victory Lap After Passing Trump's 'One Big, Beautiful Bill' "I'd love to stand here and tell the American people, 'We can cut your taxes and increase spending and everything is going to be just fine.' But I can't do that because I'm here to deliver a dose of reality. This bill dramatically increases deficits in the near-term, but promises our government will be fiscally responsible five years from now. Where have we heard that before?" Massie said on the House floor. The Kentucky congressman, who regularly sports a national debt clock pin, presented a bleak reality for Trump's "big, beautiful bill" on Thursday as most Republican holdouts rallied behind the final manager's amendment. "This bill is a debt bomb ticking," Massie said. When White House press secretary Karoline Leavitt was asked about Massie and Davidson voting against the bill, she said the president believes they should be primaried. "I don't think he likes to see grandstanders in Congress. What's the alternative? I would ask those members of Congress. Did they want to see a tax hike? Did they want to see our country go bankrupt? That's the alternative by them trying to vote 'no.' The president believes the Republican Party needs to be unified," Leavitt said. Gop Holdouts Unmoved By Trump's 'Big, Beautiful' Trip To Capitol Hill Massie, who has been campaigning on Trump calling him a grandstander, even fundraised on Leavitt's comments, writing on X, "The big beautiful bill has issues. I chose to vote against it because it's going to blow up our debt. For voting on principle, I now have the President AND his press Secretary campaigning against me from the White House podium. Can you help me by donating?" Former Rep. Bob Good, R-Va., who served as Chair of the House Freedom Caucus, has spoken out against the country's debt crisis amid House negotiations, piled on the national debt criticism on Thursday, writing, "The Big Ugly Truth is that the Big Ugly Bill will push the Big Ugly Debt over $60 trillion." Good found himself out of the job when he lost the Republican primary to now-Rep. John McGuire of Virginia last year. He was one of just a handful of House Republicans who endorsed Florida Gov. Ron DeSantis in the 2024 GOP presidential primaries, and then Trump threw his political might behind McGuire. The One Big Beautiful Bill Act is a multitrillion-dollar piece of legislation that advances Trump's agenda on taxes, immigration, energy, defense and the national debt. While the bill seeks to make a dent in the national debt crisis by cutting roughly $1.5 trillion in government spending, the U.S. still has over $36 trillion in debt and has spent $1.05 trillion more than it has collected in fiscal year 2025, according to the Treasury Department. "I think the most essential truth in American politics is that nobody actually really cares about the national debt or deficit. It's too abstract to saturate public sentiment," Fox News Digital columnist David Marcus said after the bill passed. Fox News Digital's Elizabeth Elkind contributed to this report. Original article source: GOP holdouts sound alarm on $36T debt crisis as Trump's 'big, beautiful bill' passes House vote
Yahoo
22-05-2025
- Entertainment
- Yahoo
Donald Trump's ‘One Big Beautiful Bill' Passes House By One Vote
The House of Representatives passed a massive tax and spending bill early this morning by one vote, moving a key part of President Donald Trump's agenda forward. The vote as 215-214, with two Republicans joining all Democrats in opposition. It was the latest piece of massive legislation to come up for a vote in the middle of the night or early morning — in this case just before 7 a.m. ET. More from Deadline Martina McBride Urges Passage Of Bill To Curb AI Deepfakes In Latest Industry Push For Congressional Action Donald Trump Says Comcast "Ought To Be Investigated" After Peter Alexander Asks POTUS Question About Qatar's Gifting Of A $400 Million Jet Donald Trump Posts Mock Video Of Himself Hitting Golf Ball At Bruce Springsteen As Singer Refuses To Back Away From Scathing POTUS Comments The bill would extend and make permanent Trump's 2017 income tax cuts, while expanding spending on defense and border security. Democrats were united in their opposition, as it would make cuts to Medicaid, clean energy and other social programs, while adding to the deficit. In an effort to garner support from lawmakers from high tax states, the legislation increased the current cap on the state and local income tax deductions from $10,000 to $40,000, but that would be reduced for those making more than $500,000 per year. The bill also includes provisions for no tax tips and overtime, which were two of Trump's campaign promises. The legislation now will head to the Senate, which is expected to make major revisions. Trump had labeled the legislation 'one, big beautiful bill,' and that is what it was named: The One Big Beautiful Bill Act. More to come. Best of Deadline Every 'The Voice' Winner Since Season 1, Including 9 Team Blake Champions Everything We Know About 'Jurassic World: Rebirth' So Far 'Nine Perfect Strangers' Season 2 Release Schedule: When Do New Episodes Come Out?
