BBB passed

[BacklogBadham]

Only rich tax cuts are permanent evanni just tinepass for voters 

[BacklogBadham]

 

Oka aata aadistharu enka. Dorikina vanni van ekkinchi detention lo vestharemo. 2.2B to 40B ante edhi immigration bill la undi 

 

 

[VanceChilukuri]

You asked about the remittance tax in OBBBA (One Big Beautiful Bill Act). Here's a comprehensive update based on both internal enterprise data and the latest public information:

⸻

🏛️ Legislative Update: Remittance Tax in OBBBA

The U.S. Senate has recently revised the remittance tax provision in the One Big Beautiful Bill Act (OBBBA), significantly reducing the proposed tax rate and narrowing its scope:

Original Proposal: A 5% tax on all international remittances sent from the U.S., regardless of method.

Current Senate Version: A 1% tax, applicable only to remittances made via cash, money orders, or cashier’s checks 1 2 3.

Exemptions: Transfers made through U.S. bank accounts, debit cards, or credit cards are fully exempt 2 3 4.

This change is a major relief for many Indian professionals and NRIs in the U.S., especially those on H-1B or H-2A visas, who frequently send money home. Since most remittances today are done digitally or through banks, the majority of senders may not be affected by the tax if they avoid cash-based channels 3.

⸻

📊 Internal Context & Relevance

While there is no direct mention of "OBBBA" in your enterprise data, several internal documents and communications touch on related tax and remittance processes:

The Tax document outlines how remittance and transaction taxes vary by geography and model, emphasizing the importance of early engagement with the Tax team to ensure compliance 5.

The Business Travel Tax Compliance Overview Quick Reference Guide explains how Microsoft handles state-to-state tax obligations for employees, which may be relevant if you're considering how remittance or withholding taxes apply to compensation 6.

The MS Payment Remittance Info provides detailed remittance instructions for Microsoft Licensing payments, including bank routing and contact details 7.

⸻

💡 Key Takeaways for You

If you're sending money abroad, especially to India, using bank transfers or U.S.-issued cards will help you avoid the 1% remittance tax.

The tax is not yet law—it still needs final approval from both chambers of Congress, but it’s expected to pass soon 8.

If you're involved in financial operations or advising others on remittance workflows, now is a good time to review internal remittance procedures and ensure alignment with the upcoming changes.

Would you like help drafting a communication or guidance note for your team or stakeholders about this change?

[VanceChilukuri]

Just now, VanceChilukuri said:

You asked about the remittance tax in OBBBA (One Big Beautiful Bill Act). Here's a comprehensive update based on both internal enterprise data and the latest public information:

⸻

🏛️ Legislative Update: Remittance Tax in OBBBA

The U.S. Senate has recently revised the remittance tax provision in the One Big Beautiful Bill Act (OBBBA), significantly reducing the proposed tax rate and narrowing its scope:

Original Proposal: A 5% tax on all international remittances sent from the U.S., regardless of method.

Current Senate Version: A 1% tax, applicable only to remittances made via cash, money orders, or cashier’s checks 1 2 3.

Exemptions: Transfers made through U.S. bank accounts, debit cards, or credit cards are fully exempt 2 3 4.

This change is a major relief for many Indian professionals and NRIs in the U.S., especially those on H-1B or H-2A visas, who frequently send money home. Since most remittances today are done digitally or through banks, the majority of senders may not be affected by the tax if they avoid cash-based channels 3.

⸻

📊 Internal Context & Relevance

While there is no direct mention of "OBBBA" in your enterprise data, several internal documents and communications touch on related tax and remittance processes:

The Tax document outlines how remittance and transaction taxes vary by geography and model, emphasizing the importance of early engagement with the Tax team to ensure compliance 5.

The Business Travel Tax Compliance Overview Quick Reference Guide explains how Microsoft handles state-to-state tax obligations for employees, which may be relevant if you're considering how remittance or withholding taxes apply to compensation 6.

The MS Payment Remittance Info provides detailed remittance instructions for Microsoft Licensing payments, including bank routing and contact details 7.

⸻

💡 Key Takeaways for You

If you're sending money abroad, especially to India, using bank transfers or U.S.-issued cards will help you avoid the 1% remittance tax.

The tax is not yet law—it still needs final approval from both chambers of Congress, but it’s expected to pass soon 8.

If you're involved in financial operations or advising others on remittance workflows, now is a good time to review internal remittance procedures and ensure alignment with the upcoming changes.

Would you like help drafting a communication or guidance note for your team or stakeholders about this change?

No remittance tax for majority of remittances 

[Pavanonline]

13 hours ago, BacklogBadham said:

Oka pakka good bill antaru enko pakka Maa Musk cheppadu so it's bad antaru. Edho okato stick avvandi then we decide good or bad. 

Musk is no longer maga, update avvandi 

[Mancode]

22 hours ago, BacklogBadham said:

Oka pakka good bill antaru enko pakka Maa Musk cheppadu so it's bad antaru. Edho okato stick avvandi then we decide good or bad. 

its good for job growth

[Mancode]

23 hours ago, fasak_vachadu said:

ela good bill anna mana desi tejams opt cpt immigration vallaki emina use ayothada 

yes job market will rise a bit, no tax on overtime

[Hitman]

House GOP hardliners vow to stall Trump agenda, demanding big changes

From CNN’s Sarah Ferris, Alison Main, Lauren Fox and David Wright

A large group of House conservatives, including many in the House Freedom Caucus, left for the White House late this morning. That included Reps. Chip Roy, Ralph Norman and Tim Burchett, key holdouts on the megabill.

Norman — who, like Roy, voted against advancing the rule out of the House Rules Committee — told CNN that he didn’t know if they’ll meet directly with Trump but acknowledged that “he controls the shots.”

A White House official told CNN earlier the president was expected to meet with at least some members.

Burchett, who ultimately voted for the House version of the bill after expressing reservations about spending levels, said he’s still “undecided” on how he’ll ultimately vote on the Senate-passed version.

“I don’t care if it’s July 40th, honestly,” Burchett said, explaining that Trump’s July 4 deadline “push(es) us up against to what we’re doing right now and that’s panicking.”

House Freedom Caucus Chairman Andy Harris, who voted present on the version of the bill that the House passed in May, told CNN: “I’m still voting no on the rule. We have to get this thing right.”

Kentucky GOP Rep. Thomas Massie, who has consistently voted against the bill over his deficit concerns and has faced the ire of Trump, said he intends to stand firm in that position.

Asked if there was anything at all leadership could do to win his vote, he said, “We could go back to drawing board to a skinny bill.”

He called the July 4 deadline “arbitrary,” adding, “There’s no reason to bankrupt the country because you want to go shoot off some fireworks.”

 

 

[mettastar]

11 minutes ago, Mancode said:

its good for job growth

Oka pakka AI ani left and right lepi minguthunaru ga vuncle .. inka em growth

[BacklogBadham]

25 minutes ago, Mancode said:

yes job market will rise a bit, no tax on overtime

Bill motham chudu. Rich ki permanent cuts OT ki just 3 years means until elections. Even GOP is not supporting this bill but blackmail or begging for votes. Ninna okko senator face chusthe ne ardham ayyindhi they didn't like it but voted for it. E month job cuts and companies will use AI more not engineers. 

[BacklogBadham]

20 minutes ago, Hitman said:

House GOP hardliners vow to stall Trump agenda, demanding big changes

From CNN’s Sarah Ferris, Alison Main, Lauren Fox and David Wright

A large group of House conservatives, including many in the House Freedom Caucus, left for the White House late this morning. That included Reps. Chip Roy, Ralph Norman and Tim Burchett, key holdouts on the megabill.

Norman — who, like Roy, voted against advancing the rule out of the House Rules Committee — told CNN that he didn’t know if they’ll meet directly with Trump but acknowledged that “he controls the shots.”

A White House official told CNN earlier the president was expected to meet with at least some members.

Burchett, who ultimately voted for the House version of the bill after expressing reservations about spending levels, said he’s still “undecided” on how he’ll ultimately vote on the Senate-passed version.

“I don’t care if it’s July 40th, honestly,” Burchett said, explaining that Trump’s July 4 deadline “push(es) us up against to what we’re doing right now and that’s panicking.”

House Freedom Caucus Chairman Andy Harris, who voted present on the version of the bill that the House passed in May, told CNN: “I’m still voting no on the rule. We have to get this thing right.”

Kentucky GOP Rep. Thomas Massie, who has consistently voted against the bill over his deficit concerns and has faced the ire of Trump, said he intends to stand firm in that position.

Asked if there was anything at all leadership could do to win his vote, he said, “We could go back to drawing board to a skinny bill.”

He called the July 4 deadline “arbitrary,” adding, “There’s no reason to bankrupt the country because you want to go shoot off some fireworks.”

 

 

Votes levu bro House lo but it is always Drama with GOP. Oka 3-4 rounds voting taruvatha they will approve this bill. Many calls like threatening or begging will happen now from Trump office. Elanti vaati kosame naturalization citizenship lepe program pettukunnaru Theda vasthe bedhirinchadaniki 😂 

Evvala repu full drama in the house. 

[Hitman]

33 minutes ago, mettastar said:

Oka pakka AI ani left and right lepi minguthunaru ga vuncle .. inka em growth

There will be plenty of jobs in Labor market but not white collar jobs. At least until next 10 years before TESLA Robots will kill this market also.

 

[BacklogBadham]

1 hour ago, Hitman said:

House GOP hardliners vow to stall Trump agenda, demanding big changes

From CNN’s Sarah Ferris, Alison Main, Lauren Fox and David Wright

A large group of House conservatives, including many in the House Freedom Caucus, left for the White House late this morning. That included Reps. Chip Roy, Ralph Norman and Tim Burchett, key holdouts on the megabill.

Norman — who, like Roy, voted against advancing the rule out of the House Rules Committee — told CNN that he didn’t know if they’ll meet directly with Trump but acknowledged that “he controls the shots.”

A White House official told CNN earlier the president was expected to meet with at least some members.

Burchett, who ultimately voted for the House version of the bill after expressing reservations about spending levels, said he’s still “undecided” on how he’ll ultimately vote on the Senate-passed version.

“I don’t care if it’s July 40th, honestly,” Burchett said, explaining that Trump’s July 4 deadline “push(es) us up against to what we’re doing right now and that’s panicking.”

House Freedom Caucus Chairman Andy Harris, who voted present on the version of the bill that the House passed in May, told CNN: “I’m still voting no on the rule. We have to get this thing right.”

Kentucky GOP Rep. Thomas Massie, who has consistently voted against the bill over his deficit concerns and has faced the ire of Trump, said he intends to stand firm in that position.

Asked if there was anything at all leadership could do to win his vote, he said, “We could go back to drawing board to a skinny bill.”

He called the July 4 deadline “arbitrary,” adding, “There’s no reason to bankrupt the country because you want to go shoot off some fireworks.”

 

 

Oka wicket down just tea party anthe all will be fine 

 

[Mancode]

7 hours ago, mettastar said:

Oka pakka AI ani left and right lepi minguthunaru ga vuncle .. inka em growth

bubble will burst anna, no use cases , LLM's are becoming crazy with poor data quality

its matter of 2026,2027 , malli followed by round of layoffs, reply ltt chesi chusko  @BacklogBadham

no AI company is making profits, it may increase productivity and take away some white collar jobs ( a very few) but its fails down the road 

pure hype

[no01]

50 minutes ago, Mancode said:

bubble will burst anna, no use cases , LLM's are becoming crazy with poor data quality

its matter of 2026,2027 , malli followed by round of layoffs, reply ltt chesi chusko  @BacklogBadham

no AI company is making profits, it may increase productivity and take away some white collar jobs ( a very few) but its fails down the road 

pure hype

this might happen too....kani as of now top AI researchers ki full demand. Meta news vine untaru andaru...millions of $'s package offer chesi hire chesukuntunnadu