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US President Donald Trump has publicly criticized Elon Musk and threatened to cut government subsidies to Musk’s companies, including Tesla and SpaceX.
In a series of posts on Truth Social on July 1, 2025, Trump claimed that Musk’s business empire is heavily dependent on federal support, stating that without these subsidies, Musk would “probably have to close up shop and head back home to South Africa.” Trump asserted that Musk “may get more subsidy than any human being in history, by far,” and suggested that eliminating these subsidies would save the US “a fortune”.
Trump’s remarks were made amid an escalating feud with Musk over the president’s flagship spending legislation, the “One Big Beautiful Bill.” Musk has been a vocal critic of the bill, calling it “political suicide for the Republican Party” and threatening to launch a new political party—the “America Party”—if the bill passes the Senate. In response to Trump’s threat, Musk posted on X (formerly Twitter), “I am literally saying CUT IT ALL. Now,” indicating he welcomes the removal of all subsidies to his companies.
Trump also called for the Department of Government Efficiency (DOGE), which Musk previously led, to investigate the extent of subsidies flowing to Musk’s businesses, emphasizing the potential for significant government savings.
Key points:
• Trump accused Musk of relying on government subsidies and threatened to end them, implying Musk would have to shut down US operations without them.
• The feud is linked to Musk’s opposition to Trump’s major spending bill and his threat to form a new political party.
• Musk responded defiantly, urging Trump to follow through and cut all subsidies to his companies.
• Trump suggested a government audit of Musk’s subsidy receipts, highlighting the political and financial stakes of the dispute.
This public clash underscores deep divisions between the two high-profile figures over government spending, the future of electric vehicles, and the direction of US industrial policy
$BTC #OneBigBeautifulBill
In a series of posts on Truth Social on July 1, 2025, Trump claimed that Musk’s business empire is heavily dependent on federal support, stating that without these subsidies, Musk would “probably have to close up shop and head back home to South Africa.” Trump asserted that Musk “may get more subsidy than any human being in history, by far,” and suggested that eliminating these subsidies would save the US “a fortune”.
Trump’s remarks were made amid an escalating feud with Musk over the president’s flagship spending legislation, the “One Big Beautiful Bill.” Musk has been a vocal critic of the bill, calling it “political suicide for the Republican Party” and threatening to launch a new political party—the “America Party”—if the bill passes the Senate. In response to Trump’s threat, Musk posted on X (formerly Twitter), “I am literally saying CUT IT ALL. Now,” indicating he welcomes the removal of all subsidies to his companies.
Trump also called for the Department of Government Efficiency (DOGE), which Musk previously led, to investigate the extent of subsidies flowing to Musk’s businesses, emphasizing the potential for significant government savings.
Key points:
• Trump accused Musk of relying on government subsidies and threatened to end them, implying Musk would have to shut down US operations without them.
• The feud is linked to Musk’s opposition to Trump’s major spending bill and his threat to form a new political party.
• Musk responded defiantly, urging Trump to follow through and cut all subsidies to his companies.
• Trump suggested a government audit of Musk’s subsidy receipts, highlighting the political and financial stakes of the dispute.
This public clash underscores deep divisions between the two high-profile figures over government spending, the future of electric vehicles, and the direction of US industrial policy
$BTC #OneBigBeautifulBill
🔥 BREAKING: U.S. Senate Enters “Vote-a-Rama” Over Trump’s $3.3 Trillion Mega Bill!
The Senate has launched into a marathon amendment session for Trump’s sweeping “Big Beautiful Bill”, a $3.3 trillion tax-and-spending package.
With razor-thin margins in play, the bill faces stiff resistance — including sharp criticism from tech titan Elon Musk, who’s hinted at forming a new political movement in response.
The battle lines are drawn — and Washington is on fire.
#OneBigBeautifulBill #BinanceAlphaAlert #BinanceHODLerSAHARA #BinanceTGEXNY
$SOL
$XRP
The Senate has launched into a marathon amendment session for Trump’s sweeping “Big Beautiful Bill”, a $3.3 trillion tax-and-spending package.
With razor-thin margins in play, the bill faces stiff resistance — including sharp criticism from tech titan Elon Musk, who’s hinted at forming a new political movement in response.
The battle lines are drawn — and Washington is on fire.
#OneBigBeautifulBill #BinanceAlphaAlert #BinanceHODLerSAHARA #BinanceTGEXNY
$SOL
$XRP
📢😶🌫️Billionaire Backlash:💸🔥Elon Musk Threatens New Party Over Trump's"Debt Slavery Bill" 🤯👀
Musk's Political Bomb: "America Party" Threatens Trump Over Spending Bill ⚡️🇺🇸
Washington D.C. – Elon Musk, once a key ally of President Donald Trump, is now publicly challenging him, threatening to form a new "America Party" if Trump's "One Big, Beautiful Bill" passes the Senate. This marks a significant rift between the two influential figures. 💥
Why the Outrage? 😠
* "Debt Slavery Bill": Musk calls the proposed tax and spending legislation a "debt slavery bill," claiming it will add a record $5 trillion to the national debt.
* "Porky Pig Party": He argues that both major parties are engaged in "insane spending," calling them the "PORKY PIG PARTY!!"
* Senate Debate: The Senate is currently debating the bill, which narrowly passed the House, aiming for a July 4 deadline. The CBO estimates it will increase the deficit by nearly $3.3 trillion.
From Ally to Rival? 📉
* Past Support: Musk previously supported Trump, reportedly donating over $250 million to his 2024 campaign and serving in his administration.
* New Party Vow: Musk declared on X: "If this insane spending bill passes, the America Party will be formed the next day."
* Funding Challengers: He also vowed to fund primary challengers against any Republican lawmakers who vote for the bill.
Political Impact 🤔
* Fiscal Policy Clash: The feud highlights growing tensions over spending within the Republican Party.
* New Dynamic: While a new party faces hurdles, Musk's influence and wealth make his threat a notable disruption to the U.S. political landscape.
$TRUMP
$SOL
#OneBigBeautifulBill
Washington D.C. – Elon Musk, once a key ally of President Donald Trump, is now publicly challenging him, threatening to form a new "America Party" if Trump's "One Big, Beautiful Bill" passes the Senate. This marks a significant rift between the two influential figures. 💥
Why the Outrage? 😠
* "Debt Slavery Bill": Musk calls the proposed tax and spending legislation a "debt slavery bill," claiming it will add a record $5 trillion to the national debt.
* "Porky Pig Party": He argues that both major parties are engaged in "insane spending," calling them the "PORKY PIG PARTY!!"
* Senate Debate: The Senate is currently debating the bill, which narrowly passed the House, aiming for a July 4 deadline. The CBO estimates it will increase the deficit by nearly $3.3 trillion.
From Ally to Rival? 📉
* Past Support: Musk previously supported Trump, reportedly donating over $250 million to his 2024 campaign and serving in his administration.
* New Party Vow: Musk declared on X: "If this insane spending bill passes, the America Party will be formed the next day."
* Funding Challengers: He also vowed to fund primary challengers against any Republican lawmakers who vote for the bill.
Political Impact 🤔
* Fiscal Policy Clash: The feud highlights growing tensions over spending within the Republican Party.
* New Dynamic: While a new party faces hurdles, Musk's influence and wealth make his threat a notable disruption to the U.S. political landscape.
$TRUMP
$SOL
#OneBigBeautifulBill
#OneBigBeautifulBill
Мільярдер Ілон Маск в понеділок знову розкритикував бажаний законопроект Дональда Трампа про податкові знижки та витрати, який він називає "Один Великий Чудовий Законопроект" і сказав, що він запустить "Американську Партію", якщо президент США підпише цей законопроект.
У серії постів на X, генеральний директор Tesla та SpaceX засудив безпрецедентне підвищення ліміту боргу на $5 трильйонів і висміяв Конгрес за те, що дозволив це.
Мільярдер Ілон Маск в понеділок знову розкритикував бажаний законопроект Дональда Трампа про податкові знижки та витрати, який він називає "Один Великий Чудовий Законопроект" і сказав, що він запустить "Американську Партію", якщо президент США підпише цей законопроект.
У серії постів на X, генеральний директор Tesla та SpaceX засудив безпрецедентне підвищення ліміту боргу на $5 трильйонів і висміяв Конгрес за те, що дозволив це.
BREAKING🚨 ELON MUSK SLAMS TRUMP’S BIG BEAUTIFUL BILL! VOWS TO OUST SUPPORTERS IN NEXT YEAR’S PRIMARIES!
$BTC
#BTCPrediction #REX-OSPREYSolanaETF #DYMBinanceHODL #OneBigBeautifulBill #StrategyBTCPurchase
$BTC
#BTCPrediction #REX-OSPREYSolanaETF #DYMBinanceHODL #OneBigBeautifulBill #StrategyBTCPurchase
#OneBigBeautifulBill
🚀 One Big Beautiful Bill: Major Crypto Regulation Milestone! 🌟
Governments are moving closer to approving the “One Big Beautiful Bill,” a comprehensive framework aiming to legitimize and regulate the crypto industry globally. Industry insiders say the bill offers clarity on taxation, trading rules, and stablecoin backing requirements. Investors are excited about the potential for institutional adoption and reduced legal uncertainty. Binance applauds regulatory efforts that protect users while enabling innovation. 📈
Stay tuned as final negotiations continue this week—analysts predict passage could trigger a new bull run by boosting confidence and bringing trillions in institutional capital into the market. 🌍💰
👉 Follow Binance for real-time updates on this game-changing legislation!
🚀 One Big Beautiful Bill: Major Crypto Regulation Milestone! 🌟
Governments are moving closer to approving the “One Big Beautiful Bill,” a comprehensive framework aiming to legitimize and regulate the crypto industry globally. Industry insiders say the bill offers clarity on taxation, trading rules, and stablecoin backing requirements. Investors are excited about the potential for institutional adoption and reduced legal uncertainty. Binance applauds regulatory efforts that protect users while enabling innovation. 📈
Stay tuned as final negotiations continue this week—analysts predict passage could trigger a new bull run by boosting confidence and bringing trillions in institutional capital into the market. 🌍💰
👉 Follow Binance for real-time updates on this game-changing legislation!
#OneBigBeautifulBill 🇺🇸📜
The U.S. House passed Trump’s massive “One Big Beautiful Bill” — a sweeping tax, defense, and welfare reform package. Now facing tough Senate debate before July 4. A political storm is brewing, with campaigns, critics, and crypto-watchers all paying attention. ⚖️🔥
#CryptoNews #USPolitics #DYM #Binance #ETFs #TrumpBill
The U.S. House passed Trump’s massive “One Big Beautiful Bill” — a sweeping tax, defense, and welfare reform package. Now facing tough Senate debate before July 4. A political storm is brewing, with campaigns, critics, and crypto-watchers all paying attention. ⚖️🔥
#CryptoNews #USPolitics #DYM #Binance #ETFs #TrumpBill
#OneBigBeautifulBill
🏛️ #onebigbeautifulbill
The #onebigbeautifulbill is trending as a symbol of hope for crypto regulation that finally works with innovation instead of against it. Market participants see this bill as a chance to establish clear, fair frameworks for crypto trading, DeFi protocols, and digital asset ETFs, fostering a healthier market while protecting investors. This bill could encourage more institutional capital inflow, reduce legal uncertainty, and fuel a new wave of crypto adoption globally, making it “one big beautiful bill” for the future of finance.
Key Points: ✅ Clear regulatory frameworks for crypto
✅ Encourages safe innovation and investor protection
✅ Potential for global crypto adoption boost
🏛️ #onebigbeautifulbill
The #onebigbeautifulbill is trending as a symbol of hope for crypto regulation that finally works with innovation instead of against it. Market participants see this bill as a chance to establish clear, fair frameworks for crypto trading, DeFi protocols, and digital asset ETFs, fostering a healthier market while protecting investors. This bill could encourage more institutional capital inflow, reduce legal uncertainty, and fuel a new wave of crypto adoption globally, making it “one big beautiful bill” for the future of finance.
Key Points: ✅ Clear regulatory frameworks for crypto
✅ Encourages safe innovation and investor protection
✅ Potential for global crypto adoption boost
#OneBigBeautifulBill
🧵 One Big Beautiful Bill Act: What It Means for the Future of Crypto
🇺🇸 While most people weren’t paying attention, Congress is preparing to pass a bold new proposal:
"The One Big Beautiful Bill Act" — and yes, the name is as ambitious as the agenda.
💥 Why does it matter?
🔹 It merges multiple regulatory frameworks into a single bill.
🔹 Clarifies what’s a security vs a commodity.
🔹 Could open the door for massive institutional adoption.
📉 But it’s not all bullish news...
Critics warn that this act could favor big corporations, potentially killing innovation in the DeFi space.
🚀 On the flip side, if pro-crypto amendments are included, this bill might:
✔️ Unlock billions in sidelined capital.
✔️ Bring regulatory clarity across the board.
✔️ Position the U.S. as a leader in crypto regulation.
⚠️ Why should you care?
Because this bill could either trigger the next bull run — or launch a new era of surveillance and red tape.
💬 What do YOU think? Is this the key to mass adoption or a regulatory trap?
#OneBigBeautifulBill #BinanceSquare #defi #CryptoNews
🧵 One Big Beautiful Bill Act: What It Means for the Future of Crypto
🇺🇸 While most people weren’t paying attention, Congress is preparing to pass a bold new proposal:
"The One Big Beautiful Bill Act" — and yes, the name is as ambitious as the agenda.
💥 Why does it matter?
🔹 It merges multiple regulatory frameworks into a single bill.
🔹 Clarifies what’s a security vs a commodity.
🔹 Could open the door for massive institutional adoption.
📉 But it’s not all bullish news...
Critics warn that this act could favor big corporations, potentially killing innovation in the DeFi space.
🚀 On the flip side, if pro-crypto amendments are included, this bill might:
✔️ Unlock billions in sidelined capital.
✔️ Bring regulatory clarity across the board.
✔️ Position the U.S. as a leader in crypto regulation.
⚠️ Why should you care?
Because this bill could either trigger the next bull run — or launch a new era of surveillance and red tape.
💬 What do YOU think? Is this the key to mass adoption or a regulatory trap?
#OneBigBeautifulBill #BinanceSquare #defi #CryptoNews
#OneBigBeautifulBill
Billionaire Elon Musk on Monday renewed his criticism of Donald Trump’s coveted tax-cut and spending bill, which he calls “One Big Beautiful Bill" and said that he will launch the “America Party" if and when the US President passes the bill.
In a series of posts on X, the Tesla and SpaceX CEO denounced the legislation’s unprecedented $5 trillion debt ceiling increase and mocked Congress for enabling it.$
Billionaire Elon Musk on Monday renewed his criticism of Donald Trump’s coveted tax-cut and spending bill, which he calls “One Big Beautiful Bill" and said that he will launch the “America Party" if and when the US President passes the bill.
In a series of posts on X, the Tesla and SpaceX CEO denounced the legislation’s unprecedented $5 trillion debt ceiling increase and mocked Congress for enabling it.$
#OneBigBeautifulBill
Miliarder Elon Musk pada hari Senin kembali mengkritik rancangan undang-undang yang diinginkan Donald Trump tentang pemotongan pajak dan pengeluaran, yang dia sebut "Satu Rancangan Undang-Undang Besar" dan mengatakan bahwa dia akan meluncurkan "Partai Amerika", jika presiden AS menandatangani rancangan undang-undang ini.
Dalam serangkaian pos di X, CEO Tesla dan SpaceX mengecam peningkatan batas utang yang belum pernah terjadi sebelumnya sebesar $5 triliun dan mengejek Kongres karena membiarkannya.
Miliarder Elon Musk pada hari Senin kembali mengkritik rancangan undang-undang yang diinginkan Donald Trump tentang pemotongan pajak dan pengeluaran, yang dia sebut "Satu Rancangan Undang-Undang Besar" dan mengatakan bahwa dia akan meluncurkan "Partai Amerika", jika presiden AS menandatangani rancangan undang-undang ini.
Dalam serangkaian pos di X, CEO Tesla dan SpaceX mengecam peningkatan batas utang yang belum pernah terjadi sebelumnya sebesar $5 triliun dan mengejek Kongres karena membiarkannya.
#OneBigBeautifulBill
Billionaire Elon Musk on Monday renewed his criticism of Donald Trump’s coveted tax-cut and spending bill, which he calls “One Big Beautiful Bill" and said that he will launch the “America Party" if and when the US President passes the bill.
Tesla and SpaceX CEO denounced the legislation’s unprecedented $5 trillion debt ceiling increase and mocked Congress for enabling it.
Billionaire Elon Musk on Monday renewed his criticism of Donald Trump’s coveted tax-cut and spending bill, which he calls “One Big Beautiful Bill" and said that he will launch the “America Party" if and when the US President passes the bill.
Tesla and SpaceX CEO denounced the legislation’s unprecedented $5 trillion debt ceiling increase and mocked Congress for enabling it.
#OneBigBeautifulBill
#OneBigBeautifulBill
Crypto Regulation Incoming?
The #OneBigBeautifulBill proposal could be the turning point for crypto legislation in the U.S. Markets are reacting, with $BTC/$USDT showing steady traction amid regulatory hope. A well-structured bill may trigger bullish sentiment across the board.
📈 Watch for $BTC rallies on legal clarity.
#OneBigBeautifulBill #BTCUSDT #CryptoRegulation #BinanceSquare
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#OneBigBeautifulBill
Crypto Regulation Incoming?
The #OneBigBeautifulBill proposal could be the turning point for crypto legislation in the U.S. Markets are reacting, with $BTC/$USDT showing steady traction amid regulatory hope. A well-structured bill may trigger bullish sentiment across the board.
📈 Watch for $BTC rallies on legal clarity.
#OneBigBeautifulBill #BTCUSDT #CryptoRegulation #BinanceSquare
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#OneBigBeautifulBill 💵 — It’s not just a hashtag. It’s a movement.
Imagine a future where one bill, one smart piece of legislation, unlocks the full power of crypto, innovation, and financial freedom. That’s what #OneBigBeautifulBill stands for — a unified, clear, pro-innovation crypto framework that doesn’t just regulate… it elevates.
🇺🇸 In the U.S., crypto legislation is fragmented. But now, policymakers and the Web3 community are rallying behind the idea of one clean, comprehensive bill to:
✅ Define digital assets clearly
✅ Protect innovation and consumers
✅ Greenlight spot ETFs, DeFi, stablecoins & beyond
✅ End the SEC vs. Crypto cold war
📜 Because the market doesn’t need 100 half-measures. It needs One Big Beautiful Bill — bold, bipartisan, and built for the future.
🗳️ Citizens are watching. Builders are waiting. Investors are ready.
Will the system finally deliver?
👁️🗨️ Drop a 🧱 if you believe regulation should build, not break.
#CryptoPolicy2025 #BinanceSquare #Web3Future #CryptoLaw #RegulateRight #CryptoClarity #OneBigBeautifulBill
Imagine a future where one bill, one smart piece of legislation, unlocks the full power of crypto, innovation, and financial freedom. That’s what #OneBigBeautifulBill stands for — a unified, clear, pro-innovation crypto framework that doesn’t just regulate… it elevates.
🇺🇸 In the U.S., crypto legislation is fragmented. But now, policymakers and the Web3 community are rallying behind the idea of one clean, comprehensive bill to:
✅ Define digital assets clearly
✅ Protect innovation and consumers
✅ Greenlight spot ETFs, DeFi, stablecoins & beyond
✅ End the SEC vs. Crypto cold war
📜 Because the market doesn’t need 100 half-measures. It needs One Big Beautiful Bill — bold, bipartisan, and built for the future.
🗳️ Citizens are watching. Builders are waiting. Investors are ready.
Will the system finally deliver?
👁️🗨️ Drop a 🧱 if you believe regulation should build, not break.
#CryptoPolicy2025 #BinanceSquare #Web3Future #CryptoLaw #RegulateRight #CryptoClarity #OneBigBeautifulBill
📜 One Big Beautiful Bill — Trump’s Power Play in 5 Quick Points:
1️⃣ Massive Tax Cuts — Targeting middle-class relief & corporate incentives.
2️⃣ Expanded Tariffs — Boosting U.S. revenue and protecting domestic industries.
3️⃣ Regulatory Rollbacks — Slashing red tape for energy, crypto, and manufacturing.
4️⃣ Pro-Growth Spending — Focused on infrastructure and defense.
5️⃣ Political Signal — One sweeping package to define the Trump 2025 agenda.
#OneBigBeautifulBill
1️⃣ Massive Tax Cuts — Targeting middle-class relief & corporate incentives.
2️⃣ Expanded Tariffs — Boosting U.S. revenue and protecting domestic industries.
3️⃣ Regulatory Rollbacks — Slashing red tape for energy, crypto, and manufacturing.
4️⃣ Pro-Growth Spending — Focused on infrastructure and defense.
5️⃣ Political Signal — One sweeping package to define the Trump 2025 agenda.
#OneBigBeautifulBill
#OneBigBeautifulBill #OneBigBeautifulBill
Billionaire Elon Musk on Monday renewed his criticism of Donald Trump’s coveted tax-cut and spending bill, which he calls “One Big Beautiful Bill" and said that he will launch the “America Party" if and when the US President passes the bill.
In a series of posts on X, the Tesla and SpaceX CEO denounced the legislation’s unprecedented $5 trillion debt ceiling increase and mocked Congress for enabling it.$
Billionaire Elon Musk on Monday renewed his criticism of Donald Trump’s coveted tax-cut and spending bill, which he calls “One Big Beautiful Bill" and said that he will launch the “America Party" if and when the US President passes the bill.
In a series of posts on X, the Tesla and SpaceX CEO denounced the legislation’s unprecedented $5 trillion debt ceiling increase and mocked Congress for enabling it.$
#OneBigBeautifulBill 📜 Sparks Debate Across Markets! 💵🔥
The US Congress has passed what's being dubbed the “One Big Beautiful Bill” — a massive legislative package that reshapes fiscal spending, crypto regulation, and debt ceilings! 🇺🇸📊
💡 Key Highlights:
🚀 Boost to digital innovation funding, including blockchain infrastructure.
📉 Critics warn about inflation and national debt rise.
🧠 Supporters say it paves the way for a more tech-forward economy.
📈 Market Vibes:
Crypto reacted with mixed signals. BTC remains steady, while ETH and SOL saw small pullbacks. Traders are watching closely for long-term effects on DeFi and stablecoins.
$BTC
$ETH
$SOL
🔗 Why It Matters:
This bill could either supercharge the next crypto wave or introduce new headwinds. Smart traders stay updated and nimble!
#BinanceNews #crypto Legislation #defi Future #USPolicyWatch
The US Congress has passed what's being dubbed the “One Big Beautiful Bill” — a massive legislative package that reshapes fiscal spending, crypto regulation, and debt ceilings! 🇺🇸📊
💡 Key Highlights:
🚀 Boost to digital innovation funding, including blockchain infrastructure.
📉 Critics warn about inflation and national debt rise.
🧠 Supporters say it paves the way for a more tech-forward economy.
📈 Market Vibes:
Crypto reacted with mixed signals. BTC remains steady, while ETH and SOL saw small pullbacks. Traders are watching closely for long-term effects on DeFi and stablecoins.
$BTC
$ETH
$SOL
🔗 Why It Matters:
This bill could either supercharge the next crypto wave or introduce new headwinds. Smart traders stay updated and nimble!
#BinanceNews #crypto Legislation #defi Future #USPolicyWatch
🌟 #OneBigBeautifulBill 🌟
Imagine one bill that changes everything — not just currency, but culture, community, and the crypto space.
A symbol of unity, innovation, and wealth that flows through hands, hearts, and horizons.
💸 It’s not just a note — it’s a movement.
🌍 One world. One dream. One Big Beautiful Bill.
🚀 Are you ready to hold it?
#CryptoVerse #DigitalWealth #OneBillToRule #BeautifulBill 💫
#OneBigBeautifulBill
$BNB
$BTC
Imagine one bill that changes everything — not just currency, but culture, community, and the crypto space.
A symbol of unity, innovation, and wealth that flows through hands, hearts, and horizons.
💸 It’s not just a note — it’s a movement.
🌍 One world. One dream. One Big Beautiful Bill.
🚀 Are you ready to hold it?
#CryptoVerse #DigitalWealth #OneBillToRule #BeautifulBill 💫
#OneBigBeautifulBill
$BNB
$BTC
BREAKING🚨 ELON MUSK SLAMS TRUMP’S BIG BEAUTIFUL BILL! VOWS TO OUST SUPPORTERS IN NEXT YEAR’S PRIMARIES!
$BTC
#BTCPrediction #REX-OSPREYSolanaETF #DYMBinanceHODL #OneBigBeautifulBill #StrategyBTCPurchase
$BTC
#BTCPrediction #REX-OSPREYSolanaETF #DYMBinanceHODL #OneBigBeautifulBill #StrategyBTCPurchase
One Big Beautiful Bill Act
#OneBigBeautifulBill 🏛️ What Is It?
Bill name: One Big Beautiful Bill Act (OBBBA), also known as One Big Beautiful Bill or the Big Beautiful Bill.
Sponsor: Rep. Jodey Arrington (R‑TX); initially passed by the House on May 22, 2025, by a narrow 215–214–1 vote .
It’s a budget reconciliation package under H. Con. Res. 14, tackling tax policy, spending, border, defense, and energy issues .
---
🧾 Key Provisions
Tax Cuts: Extends and makes permanent major parts of the 2017 Tax Cuts & Jobs Act—lower brackets, higher standard deduction, expanded child tax credit, and pass-through business deduction .
Defense & Border: Adds ~$150 billion to defense and ~$70 billion for border security (wall funding, CBP, ICE) .
Entitlement Reforms: Implements stricter SNAP and Medicaid cuts, including work requirements—estimated to cause 4.8–11.8 million Americans to lose healthcare by 2034 .
Energy: Reduces clean-energy tax incentives from the Inflation Reduction Act, scaling back support for renewables .
Miscellaneous: Bans state-level AI regulation for 10 years, modifies education/student loan policies, adjusts corporate-foundation rules, and reshapes nonprofit taxation .
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⚖️ CBO, Fiscal Impact & Reactions
The CBO projects a $2.4–2.8 trillion increase in the deficit by 2034 and 10.9–11.8 million Americans would lose health coverage .
Democratic criticism: Decried as a "Reverse Robin Hood," cutting benefits, slashing healthcare/labour protections .
Republican support: Framed as pro-growth, boosting small businesses, security, workers (e.g. zero tax on tips/overtime) .
Internal GOP pushback: Moderates and Freedom Caucus members are resistant, citing soaring deficits and insufficient spending cuts .
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🏃♂️ Legislative Timeline
Stage Date / Status
Introduced (House) May 16/20, 2025
House Passage May 22, 2025 (215–214–1)
Senate Debate Started Jun 28–29; amendments underway via vote-a-rama
Senate Vote Goal Self-imposed deadline by July 4, 2025
Conference + Final Passage Awaiting reconciliation between House/Senate versions
Presidential Signature Potentially very soon after Congress completes reconciliation
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🔍 Why It Matters
✅ Represents a major conservative policy agenda: tax cuts, border and defense spending.
⚠️ Signals a heavy fiscal shift—budget deficits and social program cuts—and massive political polarization.
⏳ Timeline is tight: aiming for Senate final push before July 4 recess, but intra-party splits may complicate it.
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✅ What to Watch Next
1. Senate modifications: Will the bill retain its tax and entitlement structure or shift due to Senate rules (e.g. Byrd Rule) ?
2. Vote dynamics: Specifically look at defections from moderates or Freedom Caucus members.
3. Senate vote schedule: Could happen this week—stay tuned by July 4.
4. Conference session: When Senate and House reconcile differences.
5. Final version sign-off: If passed by both chambers, it would head to President’s desk soon after.
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Want a deeper dive into how this could affect your taxes, state programs, specific industries, or political landscape? Let me know!
Bill name: One Big Beautiful Bill Act (OBBBA), also known as One Big Beautiful Bill or the Big Beautiful Bill.
Sponsor: Rep. Jodey Arrington (R‑TX); initially passed by the House on May 22, 2025, by a narrow 215–214–1 vote .
It’s a budget reconciliation package under H. Con. Res. 14, tackling tax policy, spending, border, defense, and energy issues .
---
🧾 Key Provisions
Tax Cuts: Extends and makes permanent major parts of the 2017 Tax Cuts & Jobs Act—lower brackets, higher standard deduction, expanded child tax credit, and pass-through business deduction .
Defense & Border: Adds ~$150 billion to defense and ~$70 billion for border security (wall funding, CBP, ICE) .
Entitlement Reforms: Implements stricter SNAP and Medicaid cuts, including work requirements—estimated to cause 4.8–11.8 million Americans to lose healthcare by 2034 .
Energy: Reduces clean-energy tax incentives from the Inflation Reduction Act, scaling back support for renewables .
Miscellaneous: Bans state-level AI regulation for 10 years, modifies education/student loan policies, adjusts corporate-foundation rules, and reshapes nonprofit taxation .
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⚖️ CBO, Fiscal Impact & Reactions
The CBO projects a $2.4–2.8 trillion increase in the deficit by 2034 and 10.9–11.8 million Americans would lose health coverage .
Democratic criticism: Decried as a "Reverse Robin Hood," cutting benefits, slashing healthcare/labour protections .
Republican support: Framed as pro-growth, boosting small businesses, security, workers (e.g. zero tax on tips/overtime) .
Internal GOP pushback: Moderates and Freedom Caucus members are resistant, citing soaring deficits and insufficient spending cuts .
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🏃♂️ Legislative Timeline
Stage Date / Status
Introduced (House) May 16/20, 2025
House Passage May 22, 2025 (215–214–1)
Senate Debate Started Jun 28–29; amendments underway via vote-a-rama
Senate Vote Goal Self-imposed deadline by July 4, 2025
Conference + Final Passage Awaiting reconciliation between House/Senate versions
Presidential Signature Potentially very soon after Congress completes reconciliation
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🔍 Why It Matters
✅ Represents a major conservative policy agenda: tax cuts, border and defense spending.
⚠️ Signals a heavy fiscal shift—budget deficits and social program cuts—and massive political polarization.
⏳ Timeline is tight: aiming for Senate final push before July 4 recess, but intra-party splits may complicate it.
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✅ What to Watch Next
1. Senate modifications: Will the bill retain its tax and entitlement structure or shift due to Senate rules (e.g. Byrd Rule) ?
2. Vote dynamics: Specifically look at defections from moderates or Freedom Caucus members.
3. Senate vote schedule: Could happen this week—stay tuned by July 4.
4. Conference session: When Senate and House reconcile differences.
5. Final version sign-off: If passed by both chambers, it would head to President’s desk soon after.
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Want a deeper dive into how this could affect your taxes, state programs, specific industries, or political landscape? Let me know!
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