🏛️ Behind the Scenes of the Senate All-Nighter

The Senate pulled an all-nighter to pass the bill using the budget reconciliation process, which allows legislation to pass with a simple majority (50 votes) and bypass the filibuster.
The process involved a "vote-a-rama"—a marathon session of votes on amendments, lasting over 27 hours.
Senators coped with the long hours by napping in cloakrooms or hideaways, eating fast food (like McDonald's breakfast), and socializing in informal groups.

📜 Major Provisions in the Bill

Extension of the 2017 Trump Tax Cuts
- Prevents a $4 trillion tax increase that would have occurred if the cuts expired.
- Includes new tax relief measures:
  - No tax on tips (targeting service industry workers).
  - No tax on overtime.
  - Tax relief for seniors on Social Security.
Border Security
- $150 billion investment in border infrastructure, including the wall, detention facilities, and hiring of agents.
Military and Defense
- $150 billion for military modernization, including hypersonic weapons, submarines, and missile defense systems.
- $24 billion for the Coast Guard, including new polar icebreakers.
Trump Accounts
- New private investment accounts for every newborn, seeded with $1,000.
- Encourages long-term savings and financial literacy.
- Supported by major CEOs like Michael Dell, who pledged employer contributions.
School Choice
- Expanded 529 savings plans (up to $20,000/year).
- Federal tax credit (up to $1,700) for donations to scholarship-granting organizations.
- Aimed at increasing access to quality education, especially in underperforming school districts.
Spectrum Auction
- Mandates auctioning of 800 MHz of midband spectrum to private companies.
- Expected to generate $100 billion and boost 6G development and job creation.

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A Foreign Policy for the Middle Class? Chicago Council on Global Affairs Joins the Pod | Ep. 102