www.sgtreport.com By Ron Paul, Ron Paul Institute:
The US Senate worked through the weekend on the “Big Beautiful Bill.” The goal was to pass it quickly to ensure the House will then pass it and send it to President Trump’s desk before the July 4th holiday.
However, disagreements among Republican Senators over reductions in spending on programs including Medicaid and food stamps as well as language in the bill eliminating “clean energy” tax credits were preventing Senate Republican leadership from getting enough votes to pass the bill.
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Also, some Republicans disagree with other Republicans in both the House and Senate on increasing the state and local tax (SALT) deduction. Many conservatives see this income tax deduction as encouraging states to maintain high taxes to fund big governments.
One item in the BBB that few Republicans are objecting to is the bill’s increase in military spending. The House version of the BBB added 150 billion dollars to the Pentagon’s already bloated budget. The Senate bill gave the military-industrial complex 156 billion dollars.
Increasing military spending contradicts President Trump’s promise to stop wasting money on endless wars that have nothing to do with ensuring the security of the American people.
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