Hour 1
In today’s episode of The Burning Truth, Casey Hendrickson delves into the latest political and societal upheavals. From the controversial charges against Rep. LaMonica McIver to a disturbing fertility clinic bombing, and the ongoing debates surrounding the “One Big Beautiful Bill,” we unpack the stories shaping our nation.
Tuesday Tithe with Pastor Lucas Miles
Pastor Miles and Casey talk about last weekend’s Red Men event and the terrorist bombing at a fertility clinic.
Elon Musk owns Bill Gates over protecting children comments when Bill Gates was friends with Jeffrey Epstein.
FLASHBACK: Bill Gates Met With Jeffrey Epstein Many Times, Despite His Past
Hour 2
Hillary Clinton says Trump/Vance wanting American women to have more babies is a bad thing, but illegal immigrants having lots of babies is great for the economy. Huh?
This very blatant effort to basically send a message most exemplified by Vance and Musk and others, that what we really need from you, women, are more children. And what that really means is that you should go back to doing what you were born to do, which is to produce more children …
US citizen says ICE mistakenly took him into custody outside Massachusetts courthouse
‘Unfortunately, they called the wrong person, but I still support whatever they’re doing,’ Monteiro said. ‘I voted for Trump. There are a lot of bad people in this country, to be honest with you, don’t deserve to be here.’
‘No hard feelings,’ he added.
Marco Rubio just bodied the Maryland senator who loves MS-13 gangsters 💀🔥
Hour 3
Check out the cop who spawn-camped this active shooter in Las Vegas
From Home Depot CFO Richard McPhail:
For Home Depot, more than 50% of our purchases are sourced in the United States. The vast number of suppliers have diversified sourcing. We anticipate twelve months from now, no single country outside of the United States will represent more than 10% of our purchases. Because of our scale, the great partnerships we have with our suppliers and productivity that we continue to drive in our business, we intend to generally maintain our current pricing levels across our portfolio.
The One Big Beautiful Bill passed out of the House Budget Committee with some changes
The Good, the Bad, and the Ugly in the One, Big, Beautiful Bill
Four sticking points in Trump’s ‘big, beautiful’ tax bill
It’s not there anymore. It’s been replaced with:
Offering Americans aged 65 and older within certain income limits an extra deduction of $4,000 per filer, whether they take the standard deduction or itemize their returns. This is in lieu of Trump’s campaign promise to eliminate taxes on Social Security income and is supported by AARP, a nonprofit, nonpartisan organization that advocates for the needs and interests of people 50 and older.
3rd District Congressman Marlin Stutzman on the Social Security tax change.
Here’s the Section of the bill that’s relevant:
SEC. 110103. ENHANCED DEDUCTION FOR SENIORS.
(a) IN GENERAL.— Section 63(f) is amended by adding at the end the following new paragraph:
“(5) BONUS ADDITIONAL AMOUNT FOR SENIORS.—
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COMPARATIVE PRINT
Page 237 of 347
“(A) IN GENERAL.— In the case of any taxable year beginning after December 31, 2024, and before
January 1, 2029, the dollar amount in effect under paragraph (1) shall be increased by $4,000.
“(B) LIMITATION BASED ON MODIFIED ADJUSTED GROSS INCOME.— In the case of any taxpayer for any
taxable year, the $4,000 amount in subparagraph(A) shall be reduced (but not below zero) by 4
percent of so much of the taxpayer’s modified adjusted gross income as exceeds $75,000 ($150,000
in the case of a joint return).
“(C) MODIFIED ADJUSTED GROSS INCOME.— For purposes of this paragraph, the term ‘ modified adjusted
gross income ’ means the adjusted gross income of the taxpayer for the taxable year increased by any
amount excluded from gross income under section 911, 931, or 933.
“(D) SOCIAL SECURITY NUMBER REQUIRED.—
“(i) IN GENERAL.— Subparagraph (A) shall not apply unless the taxpayer includes on the return of
tax for the taxable year—
“(I) such individual’s social security number (as defined in section 24(h)(7)), and
“(II) if the individual is married, the social security number of such individual’s spouse.
“(ii) MARRIED INDIVIDUALS.— Rules similar to the rules of section 32(d) shall apply to this
section.
“(E) COORDINATION WITH INFLATION ADJUSTMENT.— Subsection (c)(4) shall not apply to any dollar
amount contained in this paragraph.
“(F) ALLOWANCE TO SENIORS WHO ELECT TO ITEMIZE.— In the case of a taxpayer who elects to itemize
deductions for any taxable year beginning after December 31, 2024, and before January 1, 2029,
there shall be allowed as a deduction the aggregate increase which would be determined under
subparagraph (A) (determined after the application of subparagraphs (B), (D), and (E)) with respect
to such taxpayer for such taxable year if such taxpayer did not so elect to itemize deductions for such
taxable year.”
Here’s an AI overview of what this actually means for senior citizens:
AI Overview
“SEC. 110103. Enhanced Deduction for Seniors” refers to a specific provision in a proposed tax bill, likely part of a larger legislative effort. Here’s a breakdown of what the available information suggests:
- Purpose: This section aims to provide tax relief for seniors, specifically by increasing their standard deduction. It’s seen as an alternative way to offer financial benefits to older adults, particularly those who receive Social Security, rather than eliminating taxes on Social Security benefits entirely.
- Mechanism: It would increase the standard deduction by an additional $4,000 for taxpayers aged 65 and older. This deduction is available whether seniors choose to take the standard deduction or itemize their deductions.
- Eligibility: To qualify for the full enhanced deduction, seniors must meet specific income limitations. For single filers, the adjusted gross income (AGI) limit is $75,000, and for married couples filing jointly, it’s $150,000. The benefit is phased out for those exceeding these thresholds.
- Timeframe: This enhanced deduction is temporary, and the proposed legislation suggests it would be in effect for a limited period, likely from 2025 through 2028.
- Political Context: The provision is linked to a campaign promise of tax relief for seniors and Social Security recipients.
Important Considerations:
- Impact: While proponents suggest this could offer relief, some experts note that the impact may be modest for some retirees, especially when compared to a policy of completely eliminating Social Security taxes.
- Comparisons: It’s important to differentiate this proposed enhanced deduction from the existing additional standard deduction available to those 65 or older or blind. The new proposal aims to significantly increase that existing deduction.
In essence, SEC. 110103 represents a proposed tax policy aimed at providing a targeted tax break for seniors through an enhanced standard deduction, with specific eligibility and income limitations.
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