Posted on 05/27/2025 5:12:38 PM PDT by Macho MAGA Man
Senator Scott told Charlie Kirl on Tuesday that he will "absolutely" vote no on the bill.
"there’s not a chance it would get to 51 votes," he said.
WATCH:
Kirk: What is your take on the current status of the big, beautiful bill that’s passed the House? Will you be voting for it, or will you be advocating for some changes?
Scott: Look I think all the— Ron Johnson, Rand Paul, Mike Lee, all of us. We want a bill to pass. We want a good bill. We want a bill that securites the border. We want President Trump's agenda. We want to make sure to plus up the military. We want to make sure all the DOGE opportunities to reduce costs are part of this bill, and then let's build it to the extent we can.
.... Snip....
Kirk: So, Senator, would you say, without any changes at its current composition, would you vote no?
Scott: Oh, absolutely, I’d vote no. This bill doesn't have— if they brought to the floor right now, there's not a, there's not a chance it'll get the 51 votes it needs.
(Excerpt) Read more at thegatewaypundit.com ...
(Sec. 100004) This section requires the Federal Highway Administration (FHWA) to impose annual federal registration fees on owners of electric and hybrid vehicles and provides funding for the FHWA to award grant to states for implementing systems for collecting the fees. States must collect a fee of $250 for electric vehicles and $100 for hybrid vehicles. The amounts must be adjusted annually for inflation. The fees terminate on October 1, 2035.
(Sec. 100005) This section requires the FHWA to transfer amounts collected from the new annual registration fees for electric and hybrid vehicles to the Highway Trust Fund.
ubtitle A—Make American Families and Workers Thrive Again
Part 1—Permanently Preventing Tax Hikes on American Families and Workers
This part makes permanent multiple individual federal tax provisions enacted in 2017 by the Tax Cuts and Jobs Act.
Below are some examples of provisions in this part.
(Sec. 110001) This section makes permanent the individual tax rates of 10%, 12%, 22%, 24%, 32%, 35%, and 37%.
(Sec. 110002) This section makes permanent the increased standard deduction and provides an additional increase in the standard deduction in the amount of $1,000 (or $2,000 for joint filers and $1,500 for head of household) through 2028.
(Sec. 110003) This section permanently repeals the allowance of a deduction for personal exemptions.
(Sec. 110004) This section makes multiple changes to the child tax credit.
(Sec. 110005) This section extends and increases to 23% (from 20%) the tax deduction for qualified business income.
(Sec. 110006) This section increases the base estate tax, gift tax, and generation-skipping transfer tax exemption amount to $15 million (from $5 million), adjusted for inflation.
(Sec. 110007) This section makes permanent the increased alternative minimum tax exemption amount and phaseout threshold (applicable to individuals, trusts, and estates).
(Sec. 110010) This section eliminates the itemized tax deduction for miscellaneous expenses.
(Sec. 110011) This section limits itemized tax deductions to 2/37 of the lesser of (1) the total amount of itemized tax deductions (calculated without regard to such limitation), or (2) the amount of a taxpayer’s taxable income that exceeds the threshold for the 37% rate bracket.
Sec. 110101) This section establishes a new above-the-line tax deduction, through 2028, for qualified tip income for individuals whose earned income does not exceed a certain amount ($160,000 in 2025 and adjusted annually for inflation).
(Sec. 110102) This section establishes a new above-the-line tax deduction, through 2028, for qualified overtime income for individuals whose earned income does not exceed a certain amount ($160,000 in 2025 and adjusted annually for inflation).
(Sec. 110104) This section establishes a new above-the-line tax deduction of up to $10,000 for interest paid on indebtedness incurred in 2025 (through 2028) to buy a passenger vehicle (for personal use). The tax deduction phases out for taxpayers with modified adjusted gross income that exceeds $100,000 (or $200,000 for joint filers).
(Sec. 110110) This section expands the expenses eligible for tax-free withdrawals from qualified tuition programs (529 plans) to include certain additional expenses related to elementary, secondary, or homeschool education.
(Sec. 110111) This section expands the expenses eligible for tax-free withdrawals from 529 plans to include tuition, fees, books, supplies, equipment, and other expenses related to the enrollment or attendance in a recognized postsecondary credentialing program.
(Sec. 110112) This section establishes a tax deduction of up to $150 (or $300 for joint filers) for charitable contributions by taxpayers who do not itemize their tax deductions.
(Sec. 110115) This section establishes a new type of tax-advantaged account, called Money Accounts for Growth and Advancement (MAGA) accounts, for individuals under eight years old. Up to $5,000 per year (adjusted for inflation) may be contributed to a MAGA account (not including certain rollovers) and distributions may be used for certain education-related expenses, small business expenses, and to buy a first-time home. (Some limitations apply).
(Sec. 110116) This section authorizes a one-time federal government deposit of $1,000 into a MAGA account for individuals born between 2025 and 2029 who meet certain other requirements.
(Sec. 111001) This section extends bonus depreciation for qualified property acquired and placed into service after January 19, 2025, and before January 1, 2030 (and before January 1, 2031, for some types of property with longer production periods).
(Sec. 111002) This section temporarily suspends (through 2029) the amortization (over five years) of domestic research and experimental expenses and allows such expenses to be deducted or capitalized. (Some limitations apply.)
(Sec. 111003) This section expands the exclusion of interest on floor plan financing from the limit on the tax deduction for business interest expenses to include interest on floor plan financing of any camper or trailer designed to (1) provide temporary living quarters for recreational, camping, or seasonal use; and (2) be towed by, or affixed to, a motor vehicle.
(Sec. 111004) This section increases the foreign-derived intangible income tax deduction to 37.5% (from 21.875%) and increases the deduction for global intangible low-taxed income to 50% (from 37.5%).
(Sec. 111005) This section reduces the base erosion rate to 10% (from 12.5%).
For additional information see
CRS Report R47846, Reference Table: Expiring Provisions in the “Tax Cuts and Jobs Act” (TCJA, P.L. 115-97)
CRS Report R48485, Economic Effects of the Tax Cuts and Jobs Act
CRS Report R48286, Expiring Provisions of P.L. 115-97 (the Tax Cuts and Jobs Act): Economic Issues
CRS Report RL31852, The Section 179 and Section 168(k) Expensing Allowances: Current Law, Economic Effects, and Selected Policy Issues
(Sec. 112001) This section terminates the previously-owned clean vehicle tax credit.
(Sec. 112002) This section terminates the clean vehicle tax credit.
(Sec. 112003) This section terminates the qualified commercial clean vehicle tax credit.
(Sec. 112004) This section terminates the alternative fuel refueling property tax credit.
(Sec. 112005) This section terminates the energy efficient home improvement tax credit.
(Sec. 112006) This section terminates the residential clean energy tax credit.
(Sec. 112007) This section terminates the new energy efficient home tax credit.
(Sec. 112008) This section modifies and phases out the clean electricity production tax credit.
(Sec. 112009) This section modifies and phases out the clean electricity investment tax credit.
(Sec. 112012) This section modifies and phases out the zero-emission nuclear power production tax credit.
(Sec. 112013) This section terminates the clean hydrogen production tax credit.
(Sec. 112014) This section modifies and phases out the advance manufacturing production tax credit.
(Sec. 112015) This section modifies and phases out the investment tax credit for qualified energy property (e.g., solar, fuel cell, geothermal, biogas, and microgrid controller property).
(Sec. 112018) This section increases the limitation on the federal tax deduction for state and local taxes (commonly known as the SALT deduction cap) to $30,000 (or $15,000 for married individuals filing separately). Under this section, the SALT deduction cap is reduced for taxpayers with an adjusted gross income over $400,000 (or $200,000 for married individuals filing separately, but not below $10,000 (or $5,000 for married individuals filing separately).
(Sec. 112021) This section replaces the excise tax of 1.4% imposed on the net investment income of certain private university and college endowments with a new rate structure of 1.4%, 7%, 14%, or 21%, depending on several variables including the value of the endowment and the number of full-time students who meet certain other requirements.
(Sec. 112101) This section allows lawfully-present aliens to claim the premium tax credit to purchase health insurance on an exchange only if they meet certain requirements (subject to exceptions provided in Sec. 112102).
(Sec. 112102) This section provides that a lawfully-present alien is eligible for the premium tax credit only if such individual is not (and is reasonably expected not to be for the entire period of enrollment in an exchange health care plan) granted (1) an application for asylum (or with a pending application for asylum), (2) parole, (3) temporary protected status, (4) deferred action or deferred enforced departure, or (5) withholding of removal.
(Sec. 112103) This section repeals the rule that allows certain lawfully-present aliens who have a household income of less than 100% of the federal poverty level and are ineligible for Medicaid (based on the individual’s alien status) to claim the premium tax credit.
(Sec. 112105) This section establishes a 5% excise tax on transfers of payments from one country to another (also known as remittance transfers). (Some exceptions apply).
(Sec. 112106) This section requires a Social Security number to be eligible for the American Opportunity and Lifetime Learning tax credits.
(Sec. 112205) This section increases the penalty for aiding and abetting the understatement of tax liability with respect to the employee retention tax credit (ERTC) by a COVID-ERTC promoter and makes certain other changes related to the ERTC.
(Sec. 112206) This section establishes a new certification program for claiming the earned income tax credit.
(Sec. 112207) This section directs the Internal Revenue Service (IRS) to terminate the Direct File program.
(Sec. 112209) This section extends the IRS’s authority to terminate the tax-exempt status of terrorist organizations to terrorist-supporting organizations.
(Sec. 112210) This section increases the penalties for the unauthorized disclosure of taxpayer information.
For more information see CRS Report R43805, The Earned Income Tax Credit (EITC): How It Works and Who Receives It
Subtitle D—Increase in Debt Limit
(Sec. 113001) This section increases the statutory debt limit by $4 trillion. (The debt limit is the amount of money that the Department of the Treasury may borrow to fund federal operations.)
Nice summation but add in that there is NO raise in the debt ceiling, not the $4 trillion the GOPe/uniparty/RINOs want.
yes.
The obvious response is - why didn’t Joe Biden have any of these Senate issues?
They rubberstamped Joe’s stuff, multi Trillions of Woke spending, but it sailed through.
????
You are talking about the 2018 midterm elections? But Roe versus Wade was overturned in June of 2022.
So how did he call for a national abortion ban in 2018, which you are saying was after Roe vs. Wade was overturned?
Who can blame him? The “Big, Beautiful Bill” includes a $2.2T deficit.
“Once the gop becomes a minority party again...”
154 days, just like clockwork.
Well, that’s a good argument gotta admit
It seems our government has disincentivized almost all productive work in America
Absolutely true.
If this Robin Hood In Reverse bill passes, Republicans will lose the House of Representatives permanently, since the bill will alienate millions of voters.
What THE HELL DO YOU THINK YOU ARE, Sen Scott? WANNA GET VOTED OUT KEEP UP THE STUPIDITY. Rewrite ANY PART OF THE BILL THAT WAY IT WILL NEVER EEVER BECOME LAW it’s TIME FOR my potus TO HOLLER AT THE LEADER OF THE SENATE TO SHUT THESE 1/2 Rinos BCK INTO THE FOLD SO SICK OF THESE HALF ASSES THAT only work 4 days a week 4 hours a day. Who MADE THESE JACKASSES PART OF OUR NATION THEY NEVER EVER HELP A Gop potus ALWAYS GIVING HIM THE SHAFT. The us senate should be ashamed of itself we gave you total control because didn’t you have your version of the big, beautiful bill already yeah same old crapola lets wait on the house pure LAZY ASS FEATHER MERCHANTS APOXX ON ALL Gop senators. Except Hawley AND big evil John, Hey John, MOVE TO Florida WE WILL GET RID OF Scott AND YOU CAN BE OUR SENATOR ALONG WITH Mr. DANIELS. Sorry John, THE Florida GOP DOES NOT LIKE TO HAVE bLACK mEN IN CHARGE. LOOK WHAT THEY DID TO Adam West...
The good news is the federal government can be completely shut down if the votes are not there.
I listened to him, and he made sense to me. I still don’t like him.
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