Big beautiful bill updates (SIAP)

104,839 Views | 1271 Replies | Last: 7 mo ago by techno-ag
richardag
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Ag with kids • 2:18a, 7/5/25
Ag with kids said:
Logos Stick said:
This

"The cost of this bill was not new spending so much as tax cuts, which are scored as spending."


Is not true. Tax cuts are not scored as spending.
They are the only reason this bill is considered to increase the deficit.

Don't call it spending...whatever...it's just semantics if the scoring assumes that tax cuts will cause the deficit to increase.

And it's also bull*****
Agreed. Key word is "scored".

"Yesus Christi folks, stop picking gnat **** out of pepper."(Stolen from Clob94)
Among the latter, under pretence of governing they have divided their nations into two classes, wolves and sheep.”
Thomas Jefferson, Letter to Edward Carrington, January 16, 1787
Reply Quote
richardag
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Ag with kids • 2:21a, 7/5/25
Ag with kids said:
jefe95 said:
Reduced tax revenue via tax cuts is considered spending when a bill is scored.

That why they say tax cuts "cost" x trillion over 10 years. It's money the government doesn't get any more so it's a cost to the government coffers.

It's backwards logic. But that's how it is.
It's also bull****, since tax revenues haven't decreased after any of those tax cuts...
True, however they were comparing the effect of "extending" as opposed to "keeping" the tax cuts.
Among the latter, under pretence of governing they have divided their nations into two classes, wolves and sheep.”
Thomas Jefferson, Letter to Edward Carrington, January 16, 1787
Reply Quote
nortex97
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
6:12a, 7/5/25

I like to think future legally-illiterate DEI Ketanji Brown Jackson-wannabe's will be precluded from going to elite law schools and advancing up the career ladder consequently thanks to this.

Her parents had some money (I think her father is/was a lawyer as well) but putting her thru Harvard law would have been a heavy lift. Tuition is only around $80K a year but realistically one would need at least around $100K/year to live there as well. Note the average for law schools is $58K/year.
Reply Quote
JW
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
7:21a, 7/5/25
AI coming for those jobs as well.
Reply Quote
Dirty_Mike&the_boys
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
7:43a, 7/5/25
Dirty_Mike&the_boys
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
7:51a, 7/5/25
And speaking of scoring the tariff income is nor scored by CBO. The lack of dynamic accounting completely makes the CBO projections garbage.

Either way, as Bessent says, the revenue is coming in and will be counted when calculating debt to GDP.








“ How you fellas doin? We about to have us a little screw party in this red Prius over here if you wanna join us.”
Reply Quote
Ag with kids
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to richardag • 12:52p, 7/5/25
richardag said:
Ag with kids said:
Logos Stick said:
This

"The cost of this bill was not new spending so much as tax cuts, which are scored as spending."


Is not true. Tax cuts are not scored as spending.
They are the only reason this bill is considered to increase the deficit.

Don't call it spending...whatever...it's just semantics if the scoring assumes that tax cuts will cause the deficit to increase.

And it's also bull*****
Agreed. Key word is "scored".

"Yesus Christi folks, stop picking gnat **** out of pepper."(Stolen from Clob94)
This reminds me. I need to get ahold of Clob94 soon...
Reply Quote
aezmvp
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to nortex97 • 9:13p, 7/5/25
The caps on this are crazy! There are limits on parent plus and undergraduate too. Lifetime caps are much reduced and with significant impacts. It's going to have a huge impact on universities at all levels.
Reply Quote
flown-the-coop
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to aezmvp • 11:55p, 7/5/25
aezmvp said:
The caps on this are crazy! There are limits on parent plus and undergraduate too. Lifetime caps are much reduced and with significant impacts. It's going to have a huge impact on universities at all levels.


Thank god! Bout time higher ed has a reckoning.

Gravy train took an exit off a cliff.
Reply Quote
jagvocate
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to aezmvp • 6:56p, 7/6/25
aezmvp said:
The caps on this are crazy! There are limits on parent plus and undergraduate too. Lifetime caps are much reduced and with significant impacts. It's going to have a huge impact on universities at all levels.
Better get some NIL

Reply Quote
nortex97
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:10a, 7/7/25
Question; did the final BBB kill funding for the CPB?

More hilarity in the replies, fyi (obscenity warning).
Reply Quote
techno-ag
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to nortex97 • 6:56p, 7/7/25
Starlink internet takes care of farms these days. You see the billboards out in West Texas and the panhandle.
Trump will fix it.
Reply Quote
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.