#one-big-beautiful-bill-act

#one-big-beautiful-bill-act

Before the passage of the One Big Beautiful Bill Act, retirees started to get hit with tax on part of their Social Security benefits after their provisional income hit a specific threshold. That threshold is $25,000 for single tax filers and $32,000 for married joint tax filers. The income that's counted in provisional income for determining if you meet the threshold includes a limited amount of non-taxable income (like MUNI bond interest), all your taxable income, and half your Social Security.

As Democrats gear up for next year's midterm elections, they have one big gun they're ready to wield: Opposition to Donald Trump's One Big Beautiful Bill Act. The bill is a massive giveaway to the wealthy, paid for by big cuts to services used by the American working and middle classes, that seems set to plunge the country into economic peril. The OBBBA is indefensible, and it's a gift to Democrats-assuming they're able to point their weapon in the right direction.

The One Big Beautiful Bill Act (OBBB), passed on July 4, 2025, enacts significant cuts to Medicaid and imposes restrictions on the Essential Plan, endangering coverage for 1.5 million New Yorkers.

The One Big Beautiful Bill Act passed by a narrow 51-50 vote, including a tie-breaking vote from Vice President J.D. Vance, amidst significant internal dissent.