🚨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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1/🚨China’s economy is in a DEATH SPIRAL — and famed investor Kyle Bass says they’re NOT coming back.
• Real estate collapse
• Banking crisis
• 17% youth unemployment
• $500 BILLION in capital flight
• And now: deflation
Let’s break it down ⬇️
2/ 💥“There is NOTHING that will bail China out,” says Bass.
• Trade surplus? Down 35%
• Real estate? Imploding since Evergrande collapse
• Youth? 1 in 6 can’t find work
• Consumers? Pulling back hard
• Local govts? Buried in debt
🚨 THREAD: A self-driving Tesla just delivered itself to its new owner — with no driver, no operator, and no human help.
Drove itself straight from the assembly line.
This isn't science fiction anymore. It happened this week in Texas.
Here’s why it matters 🇺🇸🧵
2/ Elon Musk just announced that a fully autonomous Tesla Model Y drove itself from the factory to the customer’s house — on public roads — with no human in the car.
Not even a remote operator.
This is a first in the world.
3/ Tesla engineer Ashok Elluswamy confirmed the details:
🔹 Top speed: 72 mph
🔹 On Texas highways
🔹 No driver
🔹 No remote control
🔹 Just one AI, navigating traffic like a pro
🚨 THREAD: Can the West finally break China’s chokehold on batteries?
New battery tech just took a major leap forward—and it could mean the end of China’s monopoly over EVs, drones, and even national defense.
Here’s what’s happening (and what it means for America) 🧵
2/ For 30 years, China has dominated every piece of the battery supply chain:
🔋 90%+ of battery-grade lithium
🔋 70% of cobalt processing
🔋 75% of graphite
🔋 100% of Communist Party control
It’s a stranglehold. And it’s national suicide to rely on it.
3/ But that’s changing.
American startups are now leapfrogging China’s dominance by replacing rare, China-controlled minerals like cobalt and nickel with abundant Western materials like sulfur.
Yes, sulfur—the 10th most common element in the universe.