Some More News Some More News: Remember The Big Beautiful Bill Was Bullsh!t
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Sep 24, 2025 Dive into the convoluted world of Trump's One Big Beautiful Bill and its far-reaching consequences. Explore the surprising cuts to the National Endowment for the Humanities and the curious reallocation of funds to a controversial statue project. Discover the hidden tax changes that limit gambling losses and how big spending cuts are funded, including cuts to SNAP and student loans. Learn about the strange prioritization of coal and fossil fuels, and who really benefits from this legislation. A thought-provoking examination of political strategy and accountability awaits!
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Hidden Tax Change On Gamblers
- A surprise tax change limits deductibility of gambling losses to 90%, creating taxable income even when gamblers net zero.
- The provision appears to have been inserted quietly to meet budget rules, hurting casinos, workers, and pushing activity underground.
Tax Cuts Paid By Public Services
- The bill delivers nearly $5 trillion in tax cuts over 10 years while offsetting revenue by cutting critical programs.
- The cuts mainly benefit the wealthy while reducing investments in education, energy, and social safety nets.
Reversing Climate And Education Gains
- The bill removes energy tax credits from the Inflation Reduction Act and cuts trillions from student loans and health programs.
- These reversals will raise costs, worsen access, and undermine climate and education progress.