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My full time job has been researching and analyzing HR 1 (The Big Beautiful Bill Act), and I would like to address some false information I have seen going around. Comment what you have heard about and I will explain the actual text of the bill.
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Anonymous 25w

It’s rolling back tax credits for green energy

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Anonymous 25w

It gives $150+ billion dollars to ICE

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Anonymous 25w

It extends trumps previous tax cuts for the wealthiest Americans and increases the deficit

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Anonymous 25w

It’s cutting SNAP and Medicaid

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Anonymous replying to -> #1 25w

While technically it does remove some federal funding to SNAP, this only occurs for states whose misappropriation rate is over 6%. For those states, the programs are not cut, the states are just forced to pay a percentage of the program costs based on their error rate. States below that rate pay the standard 75% of administrative costs (increased from 50%). The SNAP program is not cut, the cost burden is just shifted further onto individual states.

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Anonymous replying to -> #1 25w

Changes to Medicaid include standardizing the work requirement, which was previously set by the states, at 80 hours/ month. (There are existing exemptions, including for students and disabled people) It also increases the frequency of eligibility checks to twice a year. There are a few other small changes but these are the bulk. The changes are intended to ensure those on the program genuinely need to be. They may lead to roughly 500k people who cannot meet the new requirements or exemptions.

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Anonymous replying to -> #1 25w

The 30% tax credit for residential solar will end by the end of the year. Corporate tax credits will be phased out by 2027 and EV credits will be over in 2026. It ends the transfer of green energy credits, a policy that allows corporations to avoid environmental regulations. Most of these savings are shifted to nuclear and geothermal development.

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Anonymous replying to -> #1 25w

Essentially, yes, traditional green energy programs are being cut. However, that funding is being reallocated to non traditional energy sources that still reduce carbon output.

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Anonymous replying to -> #1 25w

Ice will receive an additional $100b over the next 10 years, so $10b annually, doubling their current budget. This includes $45b for detention facilities, $46b for border security, and $14b for deportations. It also includes provisions for an additional 10k new agents to be hired by 2029. The budget will be increased gradually, until it reaches the additional $100b in 2035.

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Anonymous replying to -> #1 25w

This is complicated. The corporate tax cut will be extended through 2035 at 21%, and maintains the current tax brackets and rates. It expands estate tax deductions and eliminates capital gains taxes. All of those primarily benefit the upper class.

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Anonymous replying to -> #1 25w

However, some aspects do benefit the lower and middle classes. The 2017 tax bracket system is better than the previous bracket that would be brought back without this extension. It maintains the 2k child tax credit (though lower than it was during COVID). It provides a small increase to the EITC for people without children. It increases the SALT deduction cap, which decreases the federal taxes owed by those in areas with high taxes.

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Anonymous 25w

I’m confused… Are you calling me a fascist for reading the bill and trying to explain it? Or calling the bill fascist? I would encourage you to read the bill yourself, I can provide page numbers and clauses if you would like. Like it or not, that is what’s in the bill, not my personal opinion.

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Anonymous 25w

You can call me whatever you want, but I’m not trying to sugarcoat anything. Current estimates show the bill would disqualify 2-3m people from the Medicaid program of those roughly half of them would be unable to meet the new require requirements. Honestly, I don’t like the bill. But it has been driving me crazy seeing people spreading rumors and exaggerating data that have never read the bill or done any research on it.

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