So far, our friend Steve Moore likes what he sees in the bill. In a recent post to his Committee to Unleash Prosperity Hotline (it’s free and you really should subscribe) he said there were so many late additions and deletions over the weekend in the near 1,000-page Senate bill that he is still raking through them all.
However, Steve said, “Congrats to Senate Majority Leader John Thune for pulling out this big victory over the weekend. It wasn’t pretty and in the days ahead, we will dissect what we don’t like. But we will take the Win…”
Steve went on to cite this New York Post chart as a good starting point for figuring out what good stuff is left in the bill after the Senate’s (Democrat) Parliamentarian got done taking a knife to the House version.
Although there are differences both versions of the bill include a number of Trump’s promised tax incentives — some $3.8 trillion in tax cuts in all — but differ slightly when it comes to raw numbers.
The Senate version would allow Americans to deduct as much as $12,500 for overtime pay and up to $25,000 in tip income through 2028 — reductions that would drop for those making $150,000 or more. The House version didn’t put limits on the deductions.
The child tax credit would jump from $2,000 to $2,200 per child under the Senate bill, and adjust for inflation after this year. The House version, however, would raise the credit to $2,500 temporarily before lowering it back to $2,000 and adjusting it for inflation.
One of the most significant differences in the Senate bill is a provision to permanently expand the standard deduction. The House version would only see it expanded through 2028.
Senate lawmakers also raised a tax break for seniors to $6,000 through 2028, whereas in the House bill that figure is $4,000.
From a political perspective there’s one more item of good news in the tax provisions in the Big Beautiful Bill: All the Senate Democrats voted NO, meaning those who are up for reelection in 2026 will have a lot of explaining to do when voters look at the following tax benefits in the bill.
While Steve says he has concerns (as do we) about what made it in and what got taken out of the Senate Big Beautiful Bill, the media and even some Republicans have buried the lead:
This bill prevents the biggest tax increase in American history scheduled for January 1, 2026.
Killing the tax increase is an enormous achievement for the country and our economy.
Period. Hard stop.
What a sad state of affairs for the Left, that even though about two-of-three Americans support avoiding the tax increase, the liberals in the Senate over the weekend unanimously voted to allow the tax equivalent of a nuclear bomb to detonate, opined Steve Moore.
And, remember earlier this year, every Democrat in the House voted for the tax hike on millions of middle-income workers, small businesses, and families with children.
So, the tax provisions remain beautiful, but the results of some of the spending cuts are starting to look a little ugly.
According to Steve’s information Medicaid work requirements are still in. This is an essential reform to lower costs and get able-bodied Americans of working age into the workforce.
The bad news is that the (Democrat) parliamentarian vetoed a provision that requires Medicaid participants to verify their citizenship for eligibility.
The parliamentarian also nixed a prohibition on Medicaid funding for "gender affirming care" - such as sex-change procedures. Not sure who would be in favor of taxpayers paying for that – beside Democrats and their radical transgender allies.
As to other much needed spending cuts it is unclear exactly which ones remain in the bill, and House spending hawks aren’t happy.
The principled conservative members of the House Freedom Caucus claimed Monday they would not back the Senate’s version of the One Big Beautiful Bill Act because it doesn’t include enough spending cuts.
As the Senate proceeded with a series of votes on amendments to the megabill, the 32-member Freedom Caucus said their GOP colleagues needed to make “major changes” if they expected the measure to pass the House and get to President Trump’s desk.
“The Senate’s version adds $651 billion to the deficit — and that’s before interest costs, which nearly double the total,” the group claimed on X.
However, according to a new study by the Council of Economic Advisors:
- Debt-to-GDP falls to 94% by 2034 under the Trump plan — compared to 117% under Biden’s failed path.
- Total deficit in 2034 is cut nearly in half — 3.2% of GDP under Trump vs. 6.2% under current law—saving the country $1.1 trillion in that year alone.
- Primary deficits flip to surpluses by 2034 under President Trump’s economic agenda with the OBBB.
- An accurate budget score for the OBBB, inclusive of economic growth unleashed by President Trump’s policies, is deficit reduction of $755 billion relative to the CBO’s tax hike baseline and deficit reduction of $4.5 trillion relative to the current policy baseline.
This bill is getting close to a final vote, we urge CHQ readers and friends to call Senators to let them know failing to cut spending, particularly on entitlements such as Medicaid that are rife with waste, fraud and abuse is the only thing that can change the Big Beautiful Bill into the Ugly Stepsister of the Capitol Hill GOP. The Capitol Switchboard is (202-224-3121), we urge CHQ readers and friends to call Senators TODAY.
- Big beautiful bill
- wage growth
- American economy
- Trump MAGA agenda
- economic growth
- Biden administration
- Treasury Secretary Scott Bessent
- blue collar workers
- immigration enforcement
- unemployment
- Bureau of Labor Statistics
