The One Big Beautiful Bill -- July 4, 2025

Locator: 48658OBBB.

Updates

July 6, 2025: Joe Biden's "green" ghost factories. Link here to Bloomberg via Yahoo. Battery factories across the country are closing down. Empty buildings = ghost factories.

July 6, 2025: the OBBB and solar energy. Link here. It's dead by the end of the year (2025).

Original Post

Who won? Link here.

Exhibit A: Lomborg links --

• insanity: Europe to spend $100 trillion + to get from "Zero Now" to  "EU Net Zero By 2050" -- and results will be absolutely negligible;
• fact: there is no energy transition to renewables; renewables are simply becoming part of the overall energy mix.

 

I really don't care about this stuff any more but I still occasionally post it because:

• almost everyone enjoys schadenfreude;
• it's good for the archives
• it's something to do while waiting for the US equity markets to open -- in this case, three days
• it helps folks understand "winners and losers" in Trump's one big beautiful bill

But clearly I'm correct with regard to winners and losers in this case. See link at very top of page.

By the way, "spelling self-check" on my computer: "Lomborg 2" --" Lamborghini 2." LOL. 

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Social Comments
Those That "Get It"

That one big beautiful bill: these are the comments that tell me that some people actually "get it." These comments are at this Yahoo!Fiance story. Link here.

One:

The top top 25% of taxpayers paid  87% of all federal individual income taxes The bottom 50% of taxpayers collectively paid 3% of all federal individual income taxes. If you're not paying taxes, why would you expect to get tax relief?

Two:

How can it even be stated with a straight face the bottom 40% receive none of the tax break benefits, when said 40% already pay ZERO federal income tax? Reply: That's not entirely true. They still pay income tax from wages. Though IF they file a tax return and make under 40k ish a yr those taxes are refunded. LOL.

Three:

Even Rick Newman, although he uses a lot of backhanded compliments, can't ignore what Trump is currently building through his economic policies.

Four:

Wow gee who would have thought those who pay the most taxes will benefit the most from a tax cut. What a crazy novel concept. People are too obsessed with inequality rather than getting people out of poverty. Socialist or Dems, would rather everyone be poor if that means 1% can't be wealthy.