Permanent 2017 Tax Cuts, Medicare Cuts & AI Ban: Deep Dive Into the ‘One Big Beautiful Bill | July 02, 2025 | Hour 1

The Todd Huff Show

In this episode of The Todd Huff Show, Todd breaks down the sweeping “One Big Beautiful Bill” just passed by the Senate—with a razor‑thin senate tie, brought over by J.D. Vance. He objectively reviews its major provisions: permanent extension of the 2017 Tax Cuts and Jobs Act, a raised SALT deduction cap to $40,000, increased tax breaks for seniors, tips, and overtime, and a $4 trillion debt‐ceiling raise projected to add $2.4–$3.3 trillion to the deficit over ten years. Todd walks through spending boosts for defense and border security, rural hospitals, and nuclear programs, but also analyzes cuts to Medicare, Medicaid, food stamps, green energy, and funding blocks for Planned Parenthood and state AI regulations. He addresses the heated debate over the CBO’s static deficit scoring and Trump’s claim that more growth, tighter welfare, tariff revenues, and private sector expansion could offset added debt. Scratch the surface: how will this affect the 2030 census, electoral power, and state budgets? With insights into the political fallout—Trump vs. Elon Musk on third‑party threats—Todd delivers smart, conservative analysis without the bitterness. Don’t miss Todd’s veteran take on this pivotal legislation.
Key Takeaways:
– Permanent 2017 tax cut extension
– SALT deduction now up to $40K
– Increased deductions for seniors, tips & overtime
– Deficit blowout risk: CBO estimates $2.4–$3.3T in 10 years
– Major defense, border, rural health investments
– Harsh cuts on Medicare, Medicaid, SNAP
– Restriction on Planned Parenthood funding via Medicaid
– Federal preemption on state AI rules
– Debate: static vs dynamic economic impact scoring
– 2030 Census & electoral power tied to immigration policy
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