U.S. Budget & OBBB | OCT 1 - Gov’t Shutdown Begins

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Candidate Trump Promised Oil Executives a Windfall. Now, They’re Getting It.​

New tallies of the administration’s tax breaks and other incentives add up to tens of billions of dollars of benefits to the fossil fuel industry.

www.nytimes.com

Candidate Trump Promised Oil Executives a Windfall. Now, They’re Getting It.

New tallies of the administration’s tax breaks and other incentives add up to tens of billions of dollars of benefits to the fossil fuel industry.
www.nytimes.com www.nytimes.com

“… A sweeping domestic policy bill that Mr. Trump signed into law this month includes about $18 billion in new and expanded tax incentives for the oil and gas industry, according to the Joint Committee on Taxation, which analyzes tax policy for Congress. It also includes billions of dollars in tax breaks that aren’t specific to oil and gas but were top oil industry priorities as the law was being negotiated.

It reduces the amount of money that energy companies must pay the federal government for the oil and gas they extract on public lands and waters, a change valued at about $6 billion, according to one analysis. The bill also delays penalties for oil companies that fail to reduce emissions of methane, a powerful greenhouse gas that leaks from wells, representing about $1.5 billion in benefits for the industry, the Congressional Budget Office found.

…
The benefits for fossil fuels comes as the Trump administration is systematically eliminating federal policies to combat climate change, including this week’s extraordinary move to revoke the Environmental Protection Agency’s scientific justification for regulating greenhouse gases. That move would essentially kill one of the government’s main tools for cutting emissions from power-plant smokestacks, oil and gas wells and automobile tailpipes.

The administration has also been cutting funding for climate research and rolling back programs designed to help millions of Americans prepare for rising sea levels, deadlier heat waves, increasingly intense wildfires and other effects of global warming.…”
 
bridgetender said:
Who could have foreseen that a businessman who inherited most of his money and bankrupted multiple casinos would be skyrocketing the debt for no other reason other to make his big donors even richer. This should end swimmingly.
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This would be Trump's 2nd bankruptcy of USA, Inc. Want a Chinese trademark with that?
 

2.4 million people expected to lose food stamps after Trump agenda law broadened work requirements, CBO says​



“… And other recipients are expected to see their monthly assistance shrink – at a time when grocery prices remain high and food banks are trying to cope with increased demand.

The law requires parents of dependent children to work for their food stamp benefits for the first time. However, fewer people will lose nutrition assistance under the final version of the sweeping tax and spending cuts package that Trump signed into law last month, compared to the bill passed by the House earlier this year.…
 

Trump law to raise ACA costs, drop millions from coverage, analysts warn​

www.usatoday.com

Millions to lose health coverage under Trump law, analysts say

The Congressional Budget Office says President Donald Trump’s tax cut law will cost millions their health coverage and raise ACA premiums.
www.usatoday.com www.usatoday.com

The Congressional Budget Office says President Donald Trump’s tax cut law will cost millions their health coverage and raise ACA premiums.
 

Early GOP rift emerges as Congress braces for shutdown fight​


thehill.com

Early GOP rift emerges as Congress braces for shutdown fight

Rifts are emerging between Republicans over how to approach next month’s government funding fight, with some pushing for leaders to try to pass new full-year spending plans and others already…
thehill.com

“… When lawmakers return from their monthlong recess in September, they’ll have just weeks before an end-of-month deadline to keep the government funded or risk a shutdown.

Lawmakers acknowledge they’ll likely need a stopgap funding bill, also known as a continuing resolution (CR), to keep the government open come October and buy time for Congress to strike an overall fiscal 2026 spending deal.

But some conservatives have already expressed backing for a full-year CR that would mostly lock in for another year funding levels set in March 2024.…”
 
nycfan said:

Early GOP rift emerges as Congress braces for shutdown fight​


thehill.com

Early GOP rift emerges as Congress braces for shutdown fight

Rifts are emerging between Republicans over how to approach next month’s government funding fight, with some pushing for leaders to try to pass new full-year spending plans and others already…
thehill.com

“… When lawmakers return from their monthlong recess in September, they’ll have just weeks before an end-of-month deadline to keep the government funded or risk a shutdown.

Lawmakers acknowledge they’ll likely need a stopgap funding bill, also known as a continuing resolution (CR), to keep the government open come October and buy time for Congress to strike an overall fiscal 2026 spending deal.

But some conservatives have already expressed backing for a full-year CR that would mostly lock in for another year funding levels set in March 2024.…”
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Purging ‘Equity’ Programs, G.O.P. Defunded Its Own Roads​

When Republicans repealed a Biden-era “access and equity” grant program for transportation, they canceled funding for projects in some of their own districts.

www.nytimes.com

Purging ‘Equity’ Programs, G.O.P. Defunded Its Own Roads

When Republicans repealed a Biden-era “access and equity” grant program for transportation, they canceled funding for projects in some of their own districts.
www.nytimes.com www.nytimes.com

“… All told, funding was yanked back for 55 projects, 19 of which had been set to be built in Republican congressional districts, according to federal data obtained by The New York Times.

They included rebuilding highways, new underpasses and overpasses, and pedestrian and bike trails. The biggest included in G.O.P.-held districts included $147 million to design and build a 30-mile trail in Jacksonville, Fla., represented by Representative Aaron Bean; and $74.9 million to rebuild a highway in Missoula, Mont., represented by Representative Ryan Zinke; and the [$87 million] project in St. George [Utah], represented by Representative Celeste Maloy.

The little-noticed cancellations were yet another instance in recent months of Republican members of Congress aligning themselves with Mr. Trump’s ideological agenda in ways that may work to the detriment of their own constituents. …”

——
The angle of this story assumes these GOP representatives view themselves as representing all their constituents. They do not.
 

Donald Trump says he wants to rebrand his 'big, beautiful bill'​

The president, who has leaned into his branding skills, said the name he selected "was good for getting it approved, but it’s not good for explaining to people what it’s all about."

www.nbcnews.com

Donald Trump says he wants to rebrand his 'big, beautiful bill'

The president, who has leaned into his branding skills, said the name he selected "was good for getting it approved, but it’s not good for explaining to people what it’s all about."
www.nbcnews.com www.nbcnews.com

“…"Last month, in a landmark achievement, I also proudly signed the largest working-class tax cuts in American history. So the bill that — I’m not going to use the term 'great, big, beautiful' — that was good for getting it approved, but it’s not good for explaining to people what it’s all about," Trump said. "It’s a massive tax cut for the middle class."…”
 
Under the proposed cuts for 2026, the congressional districts that make up the core of the Triangle would lose $2.1 billion and 9,000 jobs, according to projections by the Science & Community Impacts Mapping Project, a project by an interdisciplinary team of data researchers.
North Carolina’s 4th Congressional District — home to Duke University and the University of North Carolina’s flagship campus in Chapel Hill — would be the hardest hit district in the country, according to SCIMaP, which estimates the district would lose $1.2 billion in direct funding and indirect economic impact, accounting for 5,300 jobs and researchers.
 
mpaer said:
Under the proposed cuts for 2026, the congressional districts that make up the core of the Triangle would lose $2.1 billion and 9,000 jobs, according to projections by the Science & Community Impacts Mapping Project, a project by an interdisciplinary team of data researchers.
North Carolina’s 4th Congressional District — home to Duke University and the University of North Carolina’s flagship campus in Chapel Hill — would be the hardest hit district in the country, according to SCIMaP, which estimates the district would lose $1.2 billion in direct funding and indirect economic impact, accounting for 5,300 jobs and researchers.
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That’ll set off a localized Depression that’ll spill over the entire state.
 
Shut it down and let Republicans never figure out how to get their ahit together to reopen it. Because we all know they cant.

Its not like Trump is going to be any more or less abusive of his power one way or the other.
 
politicalwire.com

Senate Republicans Speed Towards Rules Change

"Senate Republicans are coalescing around a rules-change package that would effectively steamroll Democrats’ blockade of President Donald Trump’s nominees," Punchbowl News reports. "And they want to move fast." "After a two-hour meeting in the Capitol
politicalwire.com politicalwire.com

But protect the filibuster at all costs …
 
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