HPA & SHORT Act Pulled From Big Beautiful Bill

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Disappointed,…

Not surprised, even less surprised the call to remove them came from an unelected bureaucrat.

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Thune needs to put them back in and as stated if anyone has an issue with them they can take it up with the courts after it is passed and signed

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NOT over yet…

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I knew it wouldnt fly. Was hoping but…

Instead of the whole they should have just went with getting rid of the $200 tax. According to the rules, you can modify an existing rule/law. As long as it has to do with budget. Had a better chance with that than the whole package. Introduce the rest later.

As for the parliament rule chick, that isnt really a rule, just more of a tradition that everyone followed. Not sure whats up with that totally.

Makes me mad is that the house knew it wouldnt fly because of the senate rules for this bill. Why screw around? Folks wonder why things take so long in DC.

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This is just another let down… The big beautiful piece of crap bill … Stinks more and more.
It will further increase the wage gap, and yet again shrink the middle class…
Extension and Expansion of Pass-Through Business Deductions:
The bill permanently extends the Section 199A deduction for qualified business income, increasing the deduction percentage from 20% to 23%.
This expansion disproportionately benefits high-income earners who own pass-through businesses (like partnerships and S corporations) as they can deduct a larger portion of their business income.
The bill also modifies the limitations based on W-2 wages and capital investment, potentially further benefiting higher-income individuals with significant business income and capital.
40 trillion in debt .
All I desire is for them to pay their FAIR SHARE… Like the rest of us…
What is left of the middle class can no longer afford to pay for the poor and the rich.

If anyone cares. According to Tax Notes, the trust holding Donald Trump’s business interests has ownership in various pass-through entities, which include both partnerships and S corporations.

Beautiful Bill …

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Pretty sure this was and is the intent. They will say “we tried, but at least we got rid of the tax stamp.”

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… but did they actually “get rid of the tax stamp” of the regulations still remain?

the regulations, if I understand them correctly, still require an owner to retain paperwork (stamp) and restrict the transportation across imaginary lines without prior approval. :face_with_bags_under_eyes:

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Let me rephrase, the regulations and paperwork will remain. You just won’t have to pay the $200. A tiny carrot that does nothing.

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Still a BS move but atleast saves $200. Hope they re-introduce the act as a stand alone bill but we all know how that goes

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Parliamentarian needs replaced! Who the heck is this unelected official anyway to nix portions of a bill ob BS grounds?

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Which is funny since the democrats can reinstate and now raise that tax to whatever they choose. We have been betrayed. Every republican in office is a traitor.

Most of the retailers out there will pay the $200 stamp fee to get you to buy a suppressor or sbr. There are retailers out there with those sales all the time and so this is a joke.

Especially when nobody should love to be on a registry

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My taxes are going to go down by $7k which is whatever, just more money towards savings. However the parts I actually cared about were gutted so my children, grandchildren and greatgrandchildren are going to be paying for the deficit this Bill creates and all I got was 28k for the next 4 years, hurray!

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See here’s the rub. This bill is not written to benefit YOU and YOUR priorities. Maybe a $7k is not meaningful to you, but this in combination with no tax on tips, or SS or overtime and funding to finish the wall, and accelerating deporting illegals and fixing the military so it’s effective agains current global threats and the long list of other positive issues fixed in this bill are issues that are LIFE CHANGING to many Millions of Americans. In the meantime making suppressors easy to get is meaningful to what? A few thousand folks around the country?

Bills are written to benefit the most people AND the country as a whole, and when compromises need to be made usually the “pet” issues fall off the table. Life is tough so a helmet is necessary for some.

The problem is that everyone seems to take personal offense because they’re busy looking at THEIR niche needs, making us a nation of basically individuals only looking out for themselves and throwing negative hissy fits when they don’t get what meaningless ■■■■ the wanted.

Single issue voters make for the worst voting blocks that include amongst others the LGBTQ community and all the other identity politics advocates who concentrate in groups of pure dissent totally missing the larger picture.

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SS and overtime were cut from the bill, hurray for those making tips. The Bill will increase our debt by Trillions and now we won’t have people to do low wage jobs that anyone with a Junior High Education is overqualified for. Maybe you are excited to watch your grandchildren do the jobs that immigrants did, not me.

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It also shows a lack of understanding in how and when spending cuts are actually done. A reconciliation bill, which is what the BBB is, by design does not make cuts to discretionary spending. Reconciliation bills make cuts, if any, to “entitlement”, such as Medicaid, and other mandatory spending.

The significant cuts occur via rescission bills/packages, which target non-mandatory spending, and are typically written, voted on and passed/rejected after the reconciliation bill has been finalized.

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Here you go making predictions again. My grandchildren will be doing the same as I and their parents have. Working honest work so we can be productive members of society. So far our collective track record is pretty darn good and it goes back generations.

I also don’t look down on any job and I think it’s kind of racist when folks do so assigning in their minds so called menial jobs as some sort of low value only being good enough for minorities and immigrants and too low for themselves and others “like them” perpetuating a ridiculous “class system”.

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BTW I’m watching a bunch of whinny Democrats shed fake tears talking about mythical “people crying to them in airports” and the millions that will die because of this bill. Not one fact, zero reality, just useless rhetoric and again, baseless predictions from the totally emotional, ignorant and uninformed democrats in Washington playing to their base.

In the mean time the economy is booming, prices are coming down, gas prices are coming down even though it’s the summer travel season and a holiday weekend coming, the markets are screaming hot, illegal immigration is shut down, fentanyl smuggling is at record lows…. I could be here spouting wins all day.

No clue why anyone would even take a second to be disappointed and angry while they try to dig up a pissant pea from under their 15 mattresses.

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Did anyone really believe they would let it fly…lmao.

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