The BBB... Let's talk about it.

First I would like apologize for starting this thread, but maybe it is needed. I will admit I know very little about this bill. All I know from reading threads here is Elon doesn't like it. I have perused the board as usual, but not a whole lot of actual factual info about the bill being discussed as far as I could tell.

So I would like to have pros and cons discussion about the BBB. I feel there are mixed feelings within the parties concerning this bill.

What is it it that you like and what is in it that you don't like. Be specific if you can. And also, please try to keep the discussion cordial.

Is this bill good or should it be dead in the water?

Quick AI Google of what the bill does:

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What does the Big Beautiful Bill do?
AI Overview
The "One Big Beautiful Bill" is a proposed budget and tax bill that includes several key provisions. It would make the Tax Cuts and Jobs Act (TCJA) permanent, expand certain provisions like the small business tax deduction, and make other changes to tax laws, spending, and government programs. The bill also includes provisions related to border security, energy policy, and social programs.
Here's a more detailed look at some of the key aspects of the bill:
Tax Provisions:
Makes the Tax Cuts and Jobs Act (TCJA) Permanent:
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This includes lower corporate and individual tax rates, increased standard deductions, and changes to itemized deductions.
Expands the 199A Deduction:
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This deduction, which allows taxpayers to exclude up to 20% of their pass-through business income from federal income tax, would be expanded to 23% and made permanent.
Eliminates Taxes on Tips and Overtime:
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The bill proposes eliminating taxes on tips and overtime, potentially raising the take-home pay for many workers.
Other Tax Cuts:
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The bill also includes other tax cuts, such as increasing the child tax credit to $2,500 per family and providing historic tax cuts for seniors.
Impact on Clean Energy:
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The bill would effectively end most clean energy tax credits, reversing a large chunk of former President Biden's climate agenda.
Spending and Government Programs:
Deficit Reduction:
The bill includes provisions to reduce the deficit, including mandatory spending cuts.
Border Security:
The bill would increase funding for border security, including border patrol and ICE agents.
Work Requirements:
The bill would implement work requirements for able-bodied Americans receiving taxpayer-funded benefits.
Medicaid:
The bill would protect Medicaid for Americans who truly need it.
Social Programs:
The bill would also address other social programs, including those related to health insurance and income support.
Other Provisions:
Permitting Processes:
The bill includes provisions to streamline permitting processes, potentially allowing for more construction and development.
Energy Policy:
The bill would reverse electric vehicle mandates and end Biden's "war on American energy," according to the White House.

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