Senate verion BBB $5 Trillion debt increase happens as below

July 1, 2025

Senate verion BBB $5 Trillion debt increase happens as below:

$4 Trillion Debt due to permanently extend the tax rates Trump signed into law in 2017, which are set to expire at the end of the year.
$142 billion debt due to State and local tax deduction (SALT) which will allow people to deduct up to $40,000 per year for five years from their federal taxes.
$150 billion debt due to bill would exempt tips and overtime pay from federal income taxes, fulfilling two of Trump's campaign promises. It would also allow taxpayers to deduct up to $10,000 of auto loan interest for U.S.-made vehicles.
$150 billion debt due to Immigration enforcement package would provide Customs and Border Patrol with $46.5 billion to build the border wall and associated infrastructure, like access roads, cameras, lights and sensors. The package also includes $2 billion for the Department of Homeland Security and $29.9 billion for Immigration and Custom Enforcement.
$153 billion debt due to Military funding increase - The bill includes $25 billion for a "Golden Dome" missile defense system, $29 billion for shipbuilding and $15 billion for nuclear deterrence, among other provisions.
$10 billion debt due to Space program funding - includes a grab bag of funds for space programs, including $10 billion for Mars mission priorities, $325 million to held de-orbit the International Space Station and $85 million to take the space shuttle from the National Air and Space Museum in the Virginia suburbs of Washington and transport it to Texas.

Senate BBB bill also saves $1.6 Trillion tax payer money as below:

$930 billion - Medicaid cuts - by instituting work requirements of 80 hours per month for able-bodied adults under age 65, with exceptions including for parents of children under 14. the federal government would not be on the hook to reimburse states, and it would require many states to lower their existing rates. That would also affect the 41 states that voted to expand Medicaid under the Affordable Care Act.
$170 billion - Medicare and Affordable Care Act cuts - Medicare and Affordable Care Act cuts
$285 billion - SNAP benefit cuts - Republicans would institute more work requirements for people who rely on the Supplemental Nutrition Assistance Program, or food stamps. Able-bodied adults under age 65 would be required to work 80 hours per month with exceptions for those with children under 10.
$488 billion - clean energy credits - The bill would roll back tax credits under the Inflation Reduction Act that President Joe Biden signed into law, including for clean vehicles and electricity. That includes a last-minute total repeal of federal subsidies to wind and solar industries unless the projects were placed in service before the end of 2027. An additional tax would be phased in depending upon how much of the products are manufactured in China. They also added a tax incentive for coal production.

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