Showing posts with label AI regulation. Show all posts
Showing posts with label AI regulation. Show all posts

Saturday, June 7, 2025

Why the One Big Beautiful Bill Isn’t Enough – How to Fix It With a Smarter, Balanced Alternative

 

What’s Wrong With the One Big Beautiful Bill

1. Massive Increase in Deficit
The CBO projects the bill will add $2.4 trillion in deficits over 2025–2034 – and rises by $3 trillion once interest is factored in cbo.gov+15americanactionforum.org+15whitehouse.gov+15. Proponents argue tariffs might offset this but experts call that approach unreliable .

2. Undermines Democracy & Rule of Law
A clause prevents federal courts enforcing contempt unless plaintiffs post bond—an attack on judicial checks and balances time.com+5reuters.com+5thedailybeast.com+5.

3. Centralizes Power Through AI Moratorium
It bans state-level AI regulation for 10 years, stripping states of rights and opening the door for Big Tech to exploit gaps time.com+7theverge.com+7foxnews.com+7.

4. Devastates Medicaid and Welfare
Tightening work requirements could cause up to 10.9 million Medicaid losses, especially harming vulnerable communities time.com+2apnews.com+2freepressokc.com+2.

5. Weakens Green Energy & Healthcare Policies
Repeal of climate incentives and ACA subsidies retracts progress on clean energy and health coverage apnews.com+1wsj.com+1.


🟢 What’s Right About the Bill

  • Pro-Business Tax Cuts: Permanently extends TCJA benefits, encourages investment through new credits for overtime, tips, and SALT refunds whitehouse.gov.

  • Modernized Air Traffic Infrastructure: Backed by aviation industry as vital updates for ATC systems whitehouse.gov.

  • Budget Oversight Measures: Promotes agency transparency and “efficiency initiatives”—though execution may vary.

  • Support for Border Patrol & Immigration Enforcement: Widely endorsed by law enforcement and related groups news.com.au.


🛠️ How to Improve Matters: Deficit, Democracy & Equity

  1. Enforce Debt Caps: Limit deficit increases to <2% of GDP annually, with automatic triggers for adjustment if exceeded.

  2. Judicial Integrity Clause: Restore courts’ ability to enforce injunctions without bond.

  3. Instead of AI Ban → Strategic Oversight: Allow states to regulate safety/ethics, with a federal baseline to prevent abuses.

  4. Safeguard Healthcare: Exempt Medicaid cuts tied to essential services and protect coverage for up to 5 million at-risk individuals.

  5. Extend Green Energy Incentives: Phase out tax credits gradually over a set period, not abruptly cut.

  6. Use Progressive Tax Adjustments: Retain core business incentives but phase out unfair loopholes or add a modest VAT to cover long-term costs.


A Smarter Alternative Bill: The Balanced Renewal Act

  1. Deficit Discipline:

    • Cap deficits at 2% of GDP; all excess spending must be offset by tax or spending adjustments.

  2. Balanced Tax System:

    • Tiered corporate tax (5–18%), preserve TCJA for small bus.

    • Payroll tax bolstering via broadened base.

  3. Education & Workforce Boost:

    • Student debt caps, Pell eligibility for certificates, high school apprenticeships funded publicly.

  4. Healthcare & Safety Net Reform:

    • No Medicaid work penalties, preserve coverage for vulnerable groups, invest in community healthcare and telemedicine.

  5. AI & Governance Safeguards:

    • AI oversight doctrine with federal baseline, state flexibility on ethics/regulation.

Summary: This structured approach ensures deficit control, protects democracy, sustains infrastructure, empowers states, and promotes innovation—without risking fiscal or institutional collapse.


Referecnes:

Deficit Impact


🏛 Judicial Power Concerns

  • The bill restricts courts from enforcing contempt unless plaintiffs post bonds — a threat to checks and balances .


🤖 AI State Regulation Ban


Medicaid and Healthcare Cuts


🌍 Green Energy Rollbacks


Pro-Business Tax Measures

  • Extends TCJA benefits and adds credits for overtime, tips, high SALT, and MAGA accounts en.wikipedia.org.


Air Traffic & Infrastructure Funding


🔍 Transparency and Oversight


🛠 Improvements and Alternatives

The suggested changes and the “Balanced Renewal Act” incorporate best practices — debt caps, progressive taxation, preservation of healthcare and environment, and smart transparency — based on: