General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWith the court ruling on tariffs, does that mean the big ugly bill is also dead?
The bill relied on tariff revenue to offset the cost of the tax cuts. The ten percent global baseline tariff alone was supposed to generate between $2.3 trillion and $3.3 trillion in additional revenue over a ten-year period.
Source for tariff revenue estimate:
https://www.whitehouse.gov/articles/2025/05/fact-one-big-beautiful-bill-cuts-spending-fuels-growth/
SalamanderSleeps
(1,022 posts)The same court that, under his leadership, gave us "Citizens United."
Doodley
(11,913 posts)NJCher
(43,165 posts)Nice thought to go to sleep on.
SalamanderSleeps
(1,022 posts)It's good to know that I have company in my thoughts.
Nite, keep warm.
pat_k
(13,374 posts)But he will be bullying his sycophants' to "fix it" by enacting tariffs as part of the Murder Budget.
As long as the question is up in the air, it certainly complicates things for Thune.
My hopes:
1. They don't pass anything before July 4
2. A massive anti-47 coalition finds creative ways to "own" the 4th and get A LOT of people into the streets.
3. The public's animosity toward the MAGA Murder Budget and toward 47 and his cronies in the regime is so visible that the 47 sycophants in the House and Senate are more frightened of their voters tossing them out than they are of the threat of a primary challenge funded by unlimited dollars from 47's enforcer Musk.
And, if Musk has actually broken with 47 over the Murder Budget, that threat could seriously lose power.
Doodley
(11,913 posts)pat_k
(13,374 posts)I'm not seeing anything akin to the "hands off" protests in the works yet, but am keeping my eyes peeled, and am poking around to identify groups to push the idea of coordinating and getting July 4 plans off the ground now.
quakerboy
(14,868 posts)That you expect logical consistency and think that republicans might care about balanced budgets.
This will either be ignored or used as a reason to cut more social safety net items
modrepub
(4,109 posts)The bigger the whole in the budget the bigger the sell off in US treasuries will be. As a reminder, US treasury price drops mean interest rate increases. Higher interest rates slow economic activity reducing tax revenues and so forth.