🚨JUST IN: Senate Republicans have released the updated draft of the One Big Beautiful Bill — Trump’s 1,000-page megabill — with just DAYS left before the July 4 deadline.
Here’s what changed, what got cut, and why this is the linchpin of Trump’s second-term agenda
🧵
2/ The bill is designed to pass via budget reconciliation — which means no filibuster, just 51 votes needed.
But Senate parliamentarian Elizabeth MacDonough ruled several provisions out of bounds, triggering an urgent rewrite to keep Trump’s legislative agenda on track.
3/ 🧾 KEY CHANGES:
✅ SALT cap raised to $40K through 2029 (phasing out after $500K income)
✅ $25K tip tax exemption (House wanted no cap)
✅ EV tax credits END
✅ Auto loan interest now tax-deductible (up to $10K for U.S.-built cars)
4/ 🔋 ENERGY:
The Senate bill:
• Accelerates end of clean energy tax credits
• Kills hydrogen subsidies by 2028
• Blocks new EV incentives
• Eliminates fines for not meeting Biden’s “fuel economy” edicts
Senate Republicans included full repeal of the $200 tax stamp on:
• Suppressors
• Short-barrel rifles
This is the biggest rollback of gun-related taxation in decades — and it passed the Byrd Rule test.
6/ 🏥 RURAL HEALTH & MEDICAID:
Rural hospitals get $25B
Medicaid “provider tax” loophole phased out from 6% → 3.5% by 2032
BUT the parliamentarian stripped out the bans on Medicare for illegals, & taxpayer-funded gender surgeries.
7/ ⚠️ HIGH-STAKES VOTE:
Sen. John Kennedy (R-LA): “We vote Saturday. If you don’t like it, fill out a hurt feelings report.”
GOP needs near-perfect unity to pass this with their razor-thin Senate majority.
Deadline: July 4. Debt ceiling breach: August.
8/ 🚫 FILIBUSTER RULES:
The Byrd Rule blocked:
• State enforcement of immigration law
• Federal workforce cuts
• Repeal of Biden green slush funds
• Fed employee pay caps
Some want to overrule the parliamentarian. Thune says no. For now.
9/ ⚖️ HOUSE vs. SENATE:
Both chambers MUST pass identical text.
Options:
• Senate passes House version (unlikely)
• House accepts Senate version (possible)
• Conference committee (likely)
Speaker Johnson says they’ll stay in D.C. until this is on Trump’s desk.
10/ 🇺🇸 WHY IT MATTERS:
This isn’t just a budget bill. It’s the foundation for:
• Tax reform
• Border enforcement
• Energy independence
• Federal agency cuts
• Trump’s second-term strategy
The next week will determine whether it succeeds — or stalls.
11/ 🔥 GOP UNITY IS THE BALLGAME:
This bill rises or falls on Republican solidarity.
Will moderates cave on Medicaid cuts?
Will conservatives hold the line on SALT and spending?
Or will McConnell’s old sabotage games return?
12/ 📅 TIMELINE:
✅ June 27: Senate releases revised text
🗳️ June 29 (Sat): Tentative Senate floor vote
🎆 July 4: GOP target for full passage
🧾 August: Debt ceiling crisis if bill fails
The clock is ticking.
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The technology existed by the 1940s. The holdup wasn’t engineering — it was government regulation, spectrum hoarding, and cronyism.
What else are we missing today because of Washington? 🧵
2/ In 1945, the head of the FCC promised Americans would soon have “handie-talkies.”
But the FCC prioritized broadcast TV over mobile phones. They gave TV massive needless spectrum — most of it left unused — while starving “land mobile” services.
Cellular networks were proposed in 1947. Approved? Not until the 1980s.
3/ AT&T had the tech but was slow to push it — they liked their landline monopoly.
Motorola and small radio common carriers lobbied hard against cellular to protect their businesses.
Result: decades of delay, sky-high prices, and long waiting lists for primitive mobile phones.
🧵The SpaceX IPO isn’t overpriced. The future is underpriced.
Fourteen years ago, Facebook’s IPO was mocked as a failure. I called it a Strong Buy. Those who listened made a fortune.
SpaceX is the same story — only much, much bigger. It's the East India Company all over again.🧵
2/ Facebook dominated the social graph. SpaceX is organizing the economic graph of a multiplanetary civilization, and remaking intercontinental transport at the same time.
It launches ~85%+ of the whole world's payload mass to orbit. Starlink connects the planet. Starship slashes costs 95% and enables orbital data centers, lunar industry, Martian cities, point-to-point Earth transport, and military logistics at unprecedented speed.
3/ Wall Street will obsess over today’s revenue and tomorrow’s capex. That misses the point entirely.
SpaceX isn’t just a launch company. It’s building the transportation layer for the Solar System — mass, energy, process, and value on a scale that echoes the opening of the New World in 1492.
At any reasonable IPO price, this is a generational bargain.
🧵The USS Nimitz — America’s oldest aircraft carrier, laid down in 1968 and scheduled for decommissioning this month — just showed up off Cuba’s coast instead.
Raul Castro better watch out. There's a cell beside Maduro's!
Trump isn’t letting old ships rust. He’s using them to project power. 🧵
2/ The Navy extended the Nimitz’s service life by ~10 months.
Now the Nimitz Carrier Strike Group is in the Caribbean, sending a clear message to Havana.
“Welcome to the Caribbean, Nimitz!” — U.S. Southern Command.
It comes after the Justice Department indicted 94-year-old former Cuban dictator Raúl Castro.
Cuba is in free fall, cut off from Venezuelan oil money. Ordinary citizens are burning wood and charcoal to cook while the regime maintains fuel for its military and and lavish lifestyles for its "Communist" leaders.
🧵Calling Israel a “European colonial project” may sometimes be ignorance. But it’s a lie.
Mizrahi Jews — who never lived anywhere but the Middle East for 2,500+ years — are the largest group in Israel (between half and ~61%).
They weren’t colonizers. They were ethnically cleansed from Arab lands in the 20th Century.
The colonial myth requires erasing them. 🧵
2/ These communities predated Islam by 1,500 years. They wrote the Talmud in Iraq. Maintained ancient traditions in Yemen. Formed a third of Baghdad’s population.
In 1948, nearly 900,000 Jews lived across the Arab world.
Today? Fewer than 10 remain in Iraq, Yemen, or Libya.
3/ The ethnic cleansing was systematic:
• Iraq’s Farhud pogrom (1941): 2,600 years of Jewish culture driven out.
• Egypt 1956: Jews given one suitcase, forced to “donate” everything, then expelled.