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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: OrmontUS   😊 😞
Number: of 4460 
Subject: Re: Does AI boost productivity?
Date: 06/29/25 6:17 AM
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"they are currently arresting day laborers at Home Depot. That's how much they care about workers."
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It all depends on who pays for that. Last night just before midnight, Republicans released their new version of the omnibus budget reconciliation bill.

The centerpiece of the bill remains its extension of the 2017 tax cuts for wealthy Americans and corporations, making those tax cuts permanent.

According to immigration scholar Aaron Reichlin-Melnick, the measure also provides an additional $45 billion for Immigration and Customs Enforcement to detain migrants, on top of the current annual budget of $3.4 billion. It adds $14.4 billion for transportation and removal on top of the current annual budget of $750 million. It also adds $8 billion for new ICE hires and retention. Reichlin-Melnick notes that this budget will give ICE more money for detention than it gives the entire U.S. Bureau of Prisons.

To offset some of the tax cuts in the measure, the Senate bill cuts $930 billion out of Medicaid—more than the House bill cut—and, according to Ron Wyden (D-OR), makes additional cuts to Medicare and the Affordable Care Act. The nonpartisan Congressional Budget Office estimates the measure will cause 11.8 million Americans to become uninsured, almost a million more than would have lost health insurance under the House version.

Jeff
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