🚨NEW INSTA-SCORE🚨 Looks like the final Senate bill will add over $4 trillion to the debt, and violate the House budget instructions by ~$650 billion. via @BudgetHawks

who told Thom Tillis to blow a kiss to the C-SPAN camera

NEWS: Republicans plan to ENTIRELY DROP new limits on pass-through businesses’ SALT deductions as part of pending deal w/ blue-state House R’s, per multiple sources HUGE win for biz groups fighting the crackdown. It raised btwn $35B & $40B MORE in Midday from me & @JakeSherman

HOUSE PASSES GOP’S TAX AND SPENDING CUT BILL 215-214 vote. Two Republicans vote no - MASSIE and DAVIDSON. HFC Chair HARRIS votes present Now the “One Big Beautiful Bill Act” heads to the Senate

House Budget Committee makes it official: They’ll meet to package the GOP reconciliation bill at 9 am Friday GOP leaders want floor vote next week

JCT provides revenue estimates of the tax provisions of the Budget Reconciliation Legislative Recommendations Related to Tax and estimates of the distribution of the tax burden: jct.gov/publications/2025/jc… jct.gov/publications/2025/jc…

This looks like over $6 trillion of tax cuts through 2035, if made permanent.

More on first piece of House GOP tax bill: Of note - 2017 tax cuts have adjustments so current policy baseline is workable in Senate. W&M worked closely with Finance Committee esp in recent weeks Plus, standard deduction boost & $2,500 max child tax credit through Trump’s term

"There will be roadblocks. If the President wants to do anything enduring, he needs Congress, and you guys know Congress as well as I do, if not better. It's going to be hard." How much of President Trump’s agenda will come to fruition in his administration’s first 100 days? And will he have the necessary backing to push it through Congress? Penta’s @BDeAngelis82 and @ylanmui are joined by @axios political reporter @HansNichols to discuss Trump’s unique media strategy, his flurry of executive orders, impending legislative hurdles, and more. 🎧 You can listen to the full episode here: pentagrp.link/4jDGAxO

Split control of Congress takes fast-tracked TCJA extension off the table, and maybe even opens the door to TCJA expiration?

Thanks Jeff Lawson for buying the Onion so we could get this great zoom in on electoral coverage. No other news source has gone to this level of detail.

… and the shocker. Trump Triumphs. The amazing @ktumulty @PhilipRucker @agearan crashed this lead A1 story in amazing fashion. Balz & Fisher for sweep. @ylanmui on global markets. And @wpjenna - more Trump rallies that year than anyone - nailed the moment. Onward. -30-

Join @BDeAngelis82, @Ylanmui, and special guest Alex Sternhell as they break down the key moments from last night's historic debate. What’s at stake as we near Election Day? What does Taylor Swift's endorsement mean? Tune in to find out! Listen now: bit.ly/3XDfdet

Hello my name is ...

Annual update on Jackson Lake Lodge lobby coffee stand prices (medium drip coffee, including tax but not tip): 2022 $5.57 2023 $5.83 ( 4.7%) 2024 $6.10 ( 4.6%) Not much disinflation here!

Harris rips “a Trump tax” that she said would raise prices on middle–class families by nearly $4,000 a year–a reference to Trump’s plans for massive new tariffs. Follow along for updates: bloom.bg/dnc2024

Small businesses owners do it all, but they might not have to. Entrepreneurs use AI to save time and boost creativity — but there are risks involved as well. Penta's @ylanmui discusses what AI means for SMBs with @_ImaniMA from @AEEquity on #WhatsAtStake. tinyurl.com/eexrvjn5

VP Harris has just over 100 days to make her case to the American people. Join Penta leadership @StacyKerr @BDeAngelis82 @YlanMui as they discuss her policy priorities and implications for families and businesses in this week's #WhatsAtStake. eu1.hubs.ly/H0brCGz0

Some of the news: -- Trump said he would allow Powell to finish his term as Fed Chair if re-elected -- No more TikTok ban -- Cool to the idea of the US protecting Taiwan -- Would love to lower corporate tax rate to 15% -- He'd consider Jamie Dimon as Treasury Secretary

In a nutshell. 🇺🇸