Karl Mehta Profile picture
3x Exited Founder/ CEO of tech cos, Chairman Emeritus- QUIN(Quad), former VC@Menlo Ventures, Author of 2 books, fmr White House fellow. All tweets personal.

Jul 5, 13 tweets

President Trump just hosted a ceremony at the White House.

One by one, Trump delivered major announcements on the Big Beautiful Bill and what's coming next—directly to the American people.

Here’s everything you should know (and no joke, it gets crazier the further you read): 🧵

1/ The Historic Legislative Victory

Trump just signed the largest omnibus bill in American history:

• $4.5 trillion in tax cuts made permanent
• $1.7 trillion in spending cuts
• Combined 6-7 separate bills into one package
• Signed on July 4th for maximum symbolic impact

2/ The Political Consolidation Masterclass

Trump's approach to getting this passed:

• Made the bill so comprehensive every member found something to support
• "No matter who you are, there was something in that bill for you"
• Final House vote: 218-214 (not a single Democrat voted yes)

3/ The Tax Revolution Details

What Americans get immediately:

• No tax on tips (permanent)
• No tax on overtime (permanent)
• No tax on Social Security (permanent)
• Child tax credit raised to $2,200
• Estate tax completely eliminated

4/ The Border Security Investment Scale

Unprecedented funding for immigration enforcement:

• $46.5 billion for border wall construction
• $45 billion for detention capacity expansion
• $30 billion for ICE resources
• 10,000 new ICE agents by 2029

5/ The Social Program Cuts Reality

Congressional Budget Office projections:

• 11.8 million Americans will lose Medicaid coverage
• 4.7 million will lose SNAP benefits over next decade
• New work requirements for able-bodied adults
• $1 trillion in welfare cuts—largest in modern history

6/ The Energy Policy Reversal

Trump's "America First" energy agenda:

• "Coal is back. Beautiful clean coal"
• 100% expensing for new manufacturing investments
• "Hundreds of factories, including car plants and AI" coming to America
• Reversal of green energy subsidies

7/ The Debt Ceiling Maneuver

Hidden in the bill's fine print:

• Debt ceiling raised by $5 trillion
• Total deficit impact: $3 trillion added
• Interest payments will hit $2 trillion annually by 2034
• Bypassed Democratic negotiations

8/ The Military Modernization Promise

Trump's "Golden Dome" defense announcement:

• Billions allocated for advanced missile defense system
• "We're calling ours Golden Dome because we do everything better"
• Military modernization beyond first-term rebuilding

9/ The Border Crossing Achievement

Trump's immigration enforcement results:

• "Zero people crossed our border last month. Zero illegal people."
• After Biden let "21 million people" enter
• Military families from Whiteman Air Force Base honored for Iran operations

10/ What Trump Says Is Coming Next

Trump's closing promise at the signing ceremony:

"We're going to make sure elections are not rigged, that they're fair. You need strong borders and fair elections."

• Election integrity investigations promised
• More bilateral trade deals coming

11/ Why This All Matters

This delivers transformational change for American families:

• Working families keep more money
• Secure borders protect communities from gangs and drug cartels
• American manufacturing boom creates millions of jobs
• Simplified government focused on results, not bureaucracy

Thanks for reading.

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