Trump 47

[Polds4OSU]

Republicans scrambling to save Trump's big bill after major provision to SNAP changes declared illegal as moving some Food Stamp costs to states violates the chamber’s Byrd rule​

Following the decision, which came after a bipartisan meeting with Senate Agriculture Committee staff, GOP lawmakers are now amending President Donald Trump's "Big, Beautiful Bill" to give states more time between receiving payment data and when they must begin contributing to SNAP, Senate Agriculture Chair John Boozman (R-Ark.) said Monday, per a report by Politico.


Currently, the U.S. Department of Agriculture releases states’ payment error rates each June. The Politico report notes that under the original version of the legislation, states would have been required to begin sharing costs just four months later, in October 2028.


Republicans are adjusting the timeline in hopes of bringing the proposal into compliance with Senate rules, per the report.

But they won’t know for certain whether the changes pass procedural muster until the parliamentarian reviews the updated text. That decision isn’t expected before Tuesday, as the parliamentarian remains tied up with matters related to the Finance title of the bill, according to the report.

Earlier this month, Sen. Tommy Tuberville (R-Ala.) — who is now running for governor of Alabama — also publicly voiced his reservations about the proposed measure.


Traditionally, the federal government has covered the entire cost of food stamps, but the Republican-backed budget legislation would require states to shoulder a portion of those expenses for the first time.


“Everybody that’s going to be in state government is going to be concerned about it,” Tuberville told Politico at the time. “I don’t know whether we can afford it or not.”

Although Tuberville has endorsed the bill’s proposed tougher work requirements for SNAP recipients, his home state of Alabama — ranked the eighth-poorest in the nation by U.S. News & World Report — could face steep and unforeseen financial obligations if the One Big Beautiful Bill Act is enacted along with that provision.

 

[Polds4OSU]

One of them campaign promises made to everyone by Trump that turns out to only be for the Rich in practice​

Getting Trump's tax break on new car loans requires a $10,000 deduction in loan interest per year. It would take an auto loan of $110,000 - $130,000 to reach that deduction cap in auto loan interest per year. This Tax break on auto loans would only affect 1% of all auto loans in the US per year.​

• President Donald Trump proposed a tax break on car loan interest while on the campaign trail last year.
• House and Senate Republicans have pitched a $10,000 tax deduction on auto loan interest as part of the so-called "one big beautiful bill" being debated in Washington.
• Households would likely need to buy luxury cars that cost $130,000 or more to get the maximum benefit, one economist said.
• Models with such price tags include "exotic" brands like Rolls-Royce, Ferrari, Bentley, Aston Martin, Lamborghini, McLaren, Porsche, Land Rover, Cadillac, Maserati, Lotus or Mercedes-Benz, the economist said.

How large would the loan have to be?

It would take a loan of roughly $112,000 to use up the full $10,000 deduction in the first year of car ownership, Smoke said.

Only about 1% of new auto loans are this big, according to Cox Automotive data.

Cars most likely to see loans of that magnitude include a "laundry list of exotic names" like Rolls-Royce, Ferrari, Bentley, Aston Martin, Lamborghini, McLaren, Porsche, Land Rover, Cadillac, Maserati, Lotus and Mercedes-Benz, Smoke said.


Smoke's analysis assumes drivers use the most popular loan length, 72 months at the current new loan average of around 9.5%. It includes a 10% down payment and various fees like taxes and registration.

The example implies a vehicle purchase price of about $130,000, he said.

Vehicles with an average purchase price near this level include a Porsche Panamera or Cadillac Escalade, he said. Monthly car payments under those loan terms would likely be more than $2,000, Smoke said.

House Republicans included the tax break on auto loan interest in a massive domestic policy bill, the "One Big Beautiful Bill Act," which lawmakers narrowly passed along party lines in May. The Senate may vote on a similar measure as soon as this week.


In practice, few if any households would likely claim the full benefit due to an income limitation, experts said.

Both versions of the legislation reduce the value of the car loan interest tax deduction once an individual's annual income exceeds $100,000, or $200,000 for married couples filing a joint tax return. Households below those thresholds may qualify for the full tax benefit, but are unlikely to buy an expensive enough car to do so, economists said.

Those drivers who might qualify to take on a six-figure car loan are unlikely to maximize the tax break, either. Taxpayers don't get a financial benefit once income exceeds $150,000 (or $250,000 for married couples), according to the Institute on Taxation and Economic Policy, a left-leaning think tank.

Qualifying cars must also receive final assembly in the U.S., according to current legislative text, potentially further limiting the potential roster of vehicles.

The average car loan and interest charges​

The average car loan so far in 2025 is about $43,000, according to Cox Automotive data.

Under Republicans' tax plan, the average buyer would get a tax deduction of about $3,000 in the first year of a six-year loan (and a roughly $2,000 average annual deduction over the loan's life), Smoke said.


However, based on the way tax deductions work, this wouldn't mean car buyers get $3,000 in their pocket the first year.

That $3,000 would be deducted from the buyer's taxable income.

"The math basically says you're talking about [financial] benefit of $500 or less in year one," and a declining value in subsequent years, Smoke said. That's less than the average monthly payment on a new loan, he said.

 

[cowboyinexile]

One of them campaign promises made to everyone by Trump that turns out to only be for the Rich in practice​

Getting Trump's tax break on new car loans requires a $10,000 deduction in loan interest per year. It would take an auto loan of $110,000 - $130,000 to reach that deduction cap in auto loan interest per year. This Tax break on auto loans would only affect 1% of all auto loans in the US per year.​

• President Donald Trump proposed a tax break on car loan interest while on the campaign trail last year.
• House and Senate Republicans have pitched a $10,000 tax deduction on auto loan interest as part of the so-called "one big beautiful bill" being debated in Washington.
• Households would likely need to buy luxury cars that cost $130,000 or more to get the maximum benefit, one economist said.
• Models with such price tags include "exotic" brands like Rolls-Royce, Ferrari, Bentley, Aston Martin, Lamborghini, McLaren, Porsche, Land Rover, Cadillac, Maserati, Lotus or Mercedes-Benz, the economist said.

How large would the loan have to be?

It would take a loan of roughly $112,000 to use up the full $10,000 deduction in the first year of car ownership, Smoke said.

Only about 1% of new auto loans are this big, according to Cox Automotive data.

Cars most likely to see loans of that magnitude include a "laundry list of exotic names" like Rolls-Royce, Ferrari, Bentley, Aston Martin, Lamborghini, McLaren, Porsche, Land Rover, Cadillac, Maserati, Lotus and Mercedes-Benz, Smoke said.


Smoke's analysis assumes drivers use the most popular loan length, 72 months at the current new loan average of around 9.5%. It includes a 10% down payment and various fees like taxes and registration.

The example implies a vehicle purchase price of about $130,000, he said.

Vehicles with an average purchase price near this level include a Porsche Panamera or Cadillac Escalade, he said. Monthly car payments under those loan terms would likely be more than $2,000, Smoke said.

House Republicans included the tax break on auto loan interest in a massive domestic policy bill, the "One Big Beautiful Bill Act," which lawmakers narrowly passed along party lines in May. The Senate may vote on a similar measure as soon as this week.


In practice, few if any households would likely claim the full benefit due to an income limitation, experts said.

Both versions of the legislation reduce the value of the car loan interest tax deduction once an individual's annual income exceeds $100,000, or $200,000 for married couples filing a joint tax return. Households below those thresholds may qualify for the full tax benefit, but are unlikely to buy an expensive enough car to do so, economists said.

Those drivers who might qualify to take on a six-figure car loan are unlikely to maximize the tax break, either. Taxpayers don't get a financial benefit once income exceeds $150,000 (or $250,000 for married couples), according to the Institute on Taxation and Economic Policy, a left-leaning think tank.

Qualifying cars must also receive final assembly in the U.S., according to current legislative text, potentially further limiting the potential roster of vehicles.

The average car loan and interest charges​

The average car loan so far in 2025 is about $43,000, according to Cox Automotive data.

Under Republicans' tax plan, the average buyer would get a tax deduction of about $3,000 in the first year of a six-year loan (and a roughly $2,000 average annual deduction over the loan's life), Smoke said.


However, based on the way tax deductions work, this wouldn't mean car buyers get $3,000 in their pocket the first year.

That $3,000 would be deducted from the buyer's taxable income.

"The math basically says you're talking about [financial] benefit of $500 or less in year one," and a declining value in subsequent years, Smoke said. That's less than the average monthly payment on a new loan, he said.

A 72 month loan at 10% for a vehicle.

Wow

 

[Verbal]

One of them campaign promises made to everyone by Trump that turns out to only be for the Rich in practice​

Getting Trump's tax break on new car loans requires a $10,000 deduction in loan interest per year. It would take an auto loan of $110,000 - $130,000 to reach that deduction cap in auto loan interest per year. This Tax break on auto loans would only affect 1% of all auto loans in the US per year.​

• President Donald Trump proposed a tax break on car loan interest while on the campaign trail last year.
• House and Senate Republicans have pitched a $10,000 tax deduction on auto loan interest as part of the so-called "one big beautiful bill" being debated in Washington.
• Households would likely need to buy luxury cars that cost $130,000 or more to get the maximum benefit, one economist said.
• Models with such price tags include "exotic" brands like Rolls-Royce, Ferrari, Bentley, Aston Martin, Lamborghini, McLaren, Porsche, Land Rover, Cadillac, Maserati, Lotus or Mercedes-Benz, the economist said.

How large would the loan have to be?

It would take a loan of roughly $112,000 to use up the full $10,000 deduction in the first year of car ownership, Smoke said.

Only about 1% of new auto loans are this big, according to Cox Automotive data.

Cars most likely to see loans of that magnitude include a "laundry list of exotic names" like Rolls-Royce, Ferrari, Bentley, Aston Martin, Lamborghini, McLaren, Porsche, Land Rover, Cadillac, Maserati, Lotus and Mercedes-Benz, Smoke said.


Smoke's analysis assumes drivers use the most popular loan length, 72 months at the current new loan average of around 9.5%. It includes a 10% down payment and various fees like taxes and registration.

The example implies a vehicle purchase price of about $130,000, he said.

Vehicles with an average purchase price near this level include a Porsche Panamera or Cadillac Escalade, he said. Monthly car payments under those loan terms would likely be more than $2,000, Smoke said.

House Republicans included the tax break on auto loan interest in a massive domestic policy bill, the "One Big Beautiful Bill Act," which lawmakers narrowly passed along party lines in May. The Senate may vote on a similar measure as soon as this week.


In practice, few if any households would likely claim the full benefit due to an income limitation, experts said.

Both versions of the legislation reduce the value of the car loan interest tax deduction once an individual's annual income exceeds $100,000, or $200,000 for married couples filing a joint tax return. Households below those thresholds may qualify for the full tax benefit, but are unlikely to buy an expensive enough car to do so, economists said.

Those drivers who might qualify to take on a six-figure car loan are unlikely to maximize the tax break, either. Taxpayers don't get a financial benefit once income exceeds $150,000 (or $250,000 for married couples), according to the Institute on Taxation and Economic Policy, a left-leaning think tank.

Qualifying cars must also receive final assembly in the U.S., according to current legislative text, potentially further limiting the potential roster of vehicles.

The average car loan and interest charges​

The average car loan so far in 2025 is about $43,000, according to Cox Automotive data.

Under Republicans' tax plan, the average buyer would get a tax deduction of about $3,000 in the first year of a six-year loan (and a roughly $2,000 average annual deduction over the loan's life), Smoke said.


However, based on the way tax deductions work, this wouldn't mean car buyers get $3,000 in their pocket the first year.

That $3,000 would be deducted from the buyer's taxable income.

"The math basically says you're talking about [financial] benefit of $500 or less in year one," and a declining value in subsequent years, Smoke said. That's less than the average monthly payment on a new loan, he said.

Am I reading this right? Only 1% of auto sales would get the full benefit not "would only affect 1% of all auto loans".

What about used cars? Those are the people that need this the most.

 

[Polds4OSU]

Am I reading this right? Only 1% of auto sales would get the full benefit not "would only affect 1% of all auto loans".

What about used cars? Those are the people that need this the most.

you have to be paying a min of $10K PER YEAR in INTEREST on your Auto Loan to get the full tax break.

That would mean at the most popular loan terms and the Avg Interest rate right now for Auto Loans in the US. You would need a Min $130,000 car to get a loan that would produce $10k Interest payments every year.

Hell of a used car.

 

[Verbal]

you have to be paying a min of $10K PER YEAR in INTEREST on your Auto Loan to get the full tax break.

That would mean at the most popular loan terms and the Avg Interest rate right now for Auto Loans in the US. You would need a Min $130,000 car to get a loan that would produce $10k Interest payments every year.

Hell of a used car.

Ah a minimum of 10k. I missed that.

 

[Polds4OSU]

Ah a minimum of 10k. I missed that.

$10k in INTERSET payments per year on the auto loan. The current avg Interest paid per year on an auto loan is ~$3,000 per year.

only 1% of Auto loans in the US would generate $10K in interest accrued per year, thus only 1% of car loans in the US would qualify for the max benefit

 

[Polds4OSU]

 

[Polds4OSU]

MTG Calls on Fox News to Fire Mark Levin Over ‘Extremely Sick’ Post​

Rep. Marjorie Taylor Greene (R–GA) raged that Fox News host Mark Levin “should be fired” for posting what she described as an “extremely sick and disturbing” tweet calling her “stupid” as the MAGA fallout over President Donald Trump’s Iran stance continues.

The pair have sparred in the past week over whether the U.S. should militarily intervene in Israel’s conflict with Iran. Greene found herself siding with MAGA firebrands Tucker Carlson and Steve Bannon pushing against involvement, while Levin and other Fox News hosts, including Sean Hannity, backed the idea of intervention.



Greene’s tirade came just one day after she complained in an interview on OAN’s The Matt Gaetz Show that Fox News should “reel” Levin in, blasting the network in turn as “unprofessional” and “propaganda.”

Firing back late Monday, Levin wrote: “MTG, God are you stupid. And you keep banging your head against the wall. Thankfully, POTUS ignored you and hit the Iranian nuclear sites. You seem very upset about it. I’m not going away. You’re on my radar.”



In reply, Greene unleashed a lengthy response, accusing Levin of using “the exact same tone and language that the psychopaths use that send me death threats every single day.”

“You should be fired from Fox News. And shame on Fox if they condone this,” she continued before quoting the Biblical passages sharing Jesus’s teaching to “pray for your enemies” – adding that she would pray for Levin.

Addressing her position on Iran, she pointed to President John F. Kennedy: “There was once a great President that the American people loved. He opposed Israel’s nuclear program. And then he was assassinated. I am for peace. I oppose war including wars Israel wages.”


In an additional jab, Greene asked Levin about Trump’s Tuesday morning fury after an Iranian missile strike in Beersheba and Israel’s plans for retaliatory strikes in return threatened to derail his freshly brokered ceasefire.

 

[Polds4OSU]

 

[Polds4OSU]

WOW

Viral TikTok shows Matt Gaetz lectured by his mom for criticizing Trump on Iran strikes: ‘He hates betrayal!’​

Matt Gaetz confirmed on Tuesday that a viral TikTok video showing his mother arguing with him via text about Donald Trump’s strikes on Iran is real, adding that a person sitting behind him on a recent flight “recorded me without my knowledge.”

The messages from the former congressman’s mother Victoria Gaetz, meanwhile, showed her urging her son not to publicly criticize the president on the Iranian conflict because “MAGA will turn on you” and Trump will be incredibly incensed.


“The president has been a very good friend to you. He hates betrayal. Be smart, not stubborn,” Mrs. Gaetz texted.

link

MSN

 

[cowboyinexile]

WOW

Viral TikTok shows Matt Gaetz lectured by his mom for criticizing Trump on Iran strikes: ‘He hates betrayal!’​

Matt Gaetz confirmed on Tuesday that a viral TikTok video showing his mother arguing with him via text about Donald Trump’s strikes on Iran is real, adding that a person sitting behind him on a recent flight “recorded me without my knowledge.”

The messages from the former congressman’s mother Victoria Gaetz, meanwhile, showed her urging her son not to publicly criticize the president on the Iranian conflict because “MAGA will turn on you” and Trump will be incredibly incensed.


“The president has been a very good friend to you. He hates betrayal. Be smart, not stubborn,” Mrs. Gaetz texted.

link

MSN

I know someone who will have no problem turning in her neighbors when the gulags start

 

[milehighpoke]

Can we all just agree that the name "Big Beautiful Bill" is monumentally stupid? It's something a 5yo would come up with. I'm surprised they didn't call it Billy McBill Face.

Also, if you're maga and you support the bill, you should be banned from all national and state parks for life. Take your stupid jacked up truck and 50 foot camper elsewhere.

 

[cowboyinexile]

Can we all just agree that the name "Big Beautiful Bill" is monumentally stupid? It's something a 5yo would come up with. I'm surprised they didn't call it Billy McBill Face.

Also, if you're maga and you support the bill, you should be banned from all national and state parks for life. Take your stupid jacked up truck and 50 foot camper elsewhere.

They should have called it the Big Beautiful Codification or BBC for short.

 

[CowboyJD]

They should have called it the Big Beautiful Codification or BBC for short.

With your reference to BBC, I'm over here wondering if you watch a lot of porn.....or are a big fan of British TV shows.

 

[cowboyinexile]

With your reference to BBC, I'm over here wondering if you watch a lot of porn.....or are a big fan of British TV shows.

 

[jobob85]

Can we all just agree that the name "Big Beautiful Bill" is monumentally stupid? It's something a 5yo would come up with. I'm surprised they didn't call it Billy McBill Face.

Also, if you're maga and you support the bill, you should be banned from all national and state parks for life. Take your stupid jacked up truck and 50 foot camper elsewhere.

Have you seen the cover though

 

[CowboyJD]

 

[Polds4OSU]

Fox host: Last time you here a couple weeks ago, you were talking about getting trade deals soon. No trade deals have been announced. Where are they?

Top Trump economic advisor: Well, we've been focused on other things. We are very, very close

Fox host: But what's the problem with the trade deals?

Top Trump economic advisor: We are doing things one at a time

FactPost (@factpostnews) on Threads

Fox host: Last time you here a couple weeks ago, you were talking about getting trade deals soon. No trade deals have been announced. Where are they? Top Trump economic advisor: Well, we've been focused on other things. We are very, very close Fox host: But what's the problem with the trade...

www.threads.com

 

[Polds4OSU]