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Budget: What happened and what happens now?
Based on the latest information, here’s a concise update on the status and what to expect in the Senate as of May 22, 2025. Status of the Bill The House of Representatives passed a sweeping domestic policy package, often referred to as the “big, beautiful bill” championed by President Trump, on or around May 18, 2025, after intense negotiations with GOP holdouts. The bill, advanced by the House Ways and Means Committee on May 12, includes: Tax Cuts : Approximately $4.1–$4.6 trillion over 10 years, extending and expanding the 2017 Tax Cuts and Jobs Act (TCJA), with provisions like no taxes on tips, Social Security benefits, and overtime, and an increased state and local tax (SALT) deduction. Spending Cuts : At least $1.5 trillion, potentially up to $2 trillion, targeting programs like Medicaid ($880 billion), SNAP ($230 billion), and green energy ($100–200 billion), alongside other mandatory and discretionary spending reductions. Other Provisions : Increased funding for defense ($...
2011 State of the Union Address Aimed at the American People
President Obama at a 2008 Oct. 31 campaign rally in Highland, Indiana Speech Highlights Pres. Obama as Common Sense Leader and Unifier "The idea of America endures. Our destiny remains our choice..." 44th President of the United States, Barack Obama, during his 2011 State of the Union Address The 2011 State of the Union speech addresses rough economic times from the standpoint of everyday Americans. Pres. Obama stresses planning for the future of America, tackling the debt and using our freedoms responsibly. In spite of strong phrases and talking points from either side of the process, President Obama, in his 2011 State of the Union address, explained that vigorous debate is a part of our American democratic process. It is normal and healthy and shows that our process is working. He explained that change is coming in the country and the American people have to be a part of new jobs and industry taking root in our country. As president, Obama is exposed to infor...