Everyone knows that the “big, beautiful” tax bill signed into law on the Fourth of July lowers tax burdens for families and businesses. It also averts a $4 trillion tax increase starting next year. That’s enough reason to heartily celebrate.
But what isn’t well known is that this new law doesn’t just change tax policy. It includes dozens of other long-sought policy goals — what I call “hidden gems.” Here is a list of some of the major policy victories:
The law is the most aggressive federal advancement of school choice by allowing low-income parents to direct education dollars to private, charter, or Catholic schools that are better for their kids.
The law also expands eligibility for personalized medical savings accounts instead of conventional insurance. This allows workers to control their healthcare dollars.
The law increases mining and drilling on federal lands to increase access to America’s natural resource supplies to end our dependence on the Middle East, China, or Russia.
The law formally ends the absurd Biden student loan forgiveness program, which forced taxpayers to swallow the costs of unpaid college loans.
The law ends the electric vehicle mandate and phases out the Green New Deal, thus allowing Americans to buy whatever car they want.
The law expands opportunity zones and extends tax benefits for investing in inner cities and economically depressed rural areas. (I thought Democrats cared about poor communities!)
The law increases the tax to 8% on the near-trillion dollars of bloated university endowments — money that was never taxed. Is there a better way to tax the privileged rich?
The law strengthens work requirements for Medicaid and food stamp recipients. History shows that work requirements end welfare dependency.
The new law authorizes the sale of expanded spectrum to strengthen rural broadband, secure America’s technological dominance, and reduce the national debt by nearly $100 billion.
There’s much more to shout about, but these are some of the greatest hits in a big and beautiful bill that advances America’s freedom and prosperity. Expect the economy to grow at over 3% in the years ahead, which will bend down the burden of our national debt. Is it the biggest consecutive victory in modern times? It may just be.
Stephen Moore is a cofounder of Unleash Prosperity and a former senior economic adviser to Donald Trump. His new book, coauthored with Arthur Laffer, is “The Trump Economic Miracle.”
COPYRIGHT 2025 CREATORS.COM
The opinions expressed by columnists are their own and do not necessarily represent the views of AMAC or AMAC Action.
Common sense never failed yet.
The universities have been getting away with murder so to speak when it comes to the millions they continue to bring in and not pay taxes. It’s about time.
Great Bill to help hardworking Americans with lower taxes and and encourage the lazy bums to work or at least do some volunteering in their community to gain back their self respect & not just free load for the rest of their lives. Parental choice of schools is great because we used to pay for our kids Education in Catholic schools but could not even deduct in our taxes the tuitions we paid. It was very unfair. The reward for us is that they became professionals in their own field, Engineer, doctors & Nurses and big tax payers now too. Great job, Pres. Trump.
The BBB while not perfect and will most likely increase our debt, is the best bill to be passed in the past 60 years.
Hopefully, parents will get their kids out of “government” schools run by amoral socialists and into good charter or Christian schools. This will stop the brainwashing prevalent today!
You either believe in America or you don’t. If you do, you know that freeing people up, deregulating growth and offering tax incentives for new jobs while slashing the cost of all the Federal agencies, etc will eventually reduce our country’s debt. If you don’t believe in America, you are free to leave.
Thank you for this article. God bless and keep our President, his family, and our Country. Pray for us all, especially at this time, for the TX flood victims.
After four years of tyranny under Joebama, I’ll not take winning for granted again. Present Trump is restoring COMMON SENSE to the USA, and less than six months into his term. The BBB would have been even better, had it not been for some unelected libturd “Senate parliamentarian” pushing the communist agenda into the bill. Nevertheless, MAGA!!!!!
But the evil Demon-RATs will be fighting to sabotage us every step of the way. We need a legal way to permanently eliminate them.
EVERYTHING GOOD THAT THE BBB DOES FOR HARD WORKING AMERICANS, THE DAMNOCRAPS HATE!!!
They want the poor to stay poor for the rest of their lives.
They want the people on welfare to STAY on welfare for the rest of their lives.
They want all the FAILING SCHOOLS to continue to FAIL THE STUDENTS (their solution is to just throw more money at the schools and TAX the hell out of the people to support the decades-long FAILURES).
Yep, the DEMORATS are in fact, America’s ENEMIES WITHIN.
Well now to get all this great news out to the people!!!! Especially the woke. Not one word in my local paper, issued by USA Today about the BBB. Not one word, not even a critical word. That will come when money is taken away from a person that shouldn’t have received any assistance in the first place. Like today the education dept had send a notice to the local schoolboard that money was withheld for now till further study. Front page news in today’s paper. Like moneys going to illegal migrant students and other depts. Nothing has been taken away but my neighbor, a Biden democrat, highlighted all the soundbite words. You know that sounds so much better than stating the truth. Half truths is what you find in the paper. Trump wants accountability first then see if you qualify for the funds. Only under Biden they didnt have to do that. That is what they are screaming about. Not that maybe some more sunshine on the subject might bring savings and the money might go for what it was intended. Only the MSM and the dems see it as interference in their land of woke. Let us educate them by repeating over and over again what is actually in the bill. The truth will set you free.
I know many people are disappointed in that income tax of social security was not eliminated. That could not be done in this bill, as it could not be changed via the reconciliation process. But, not to fret. I have heard that some in congress are working on a separate bill to reduce/eliminate tax on social security. Apparently, it would be done over a few years. Don’t lose hope.
I wish the new bill allowed the older folks to take advantage of the personalized medical accounts. In the present system, most of my revenue goes to cover medical cost for
my wife an myself.
It’s a good start now lets deport some democrats along with the illegals
I am so disappointed in the manner which some (particularly large and/or global) charitable organizations have (mis)interpreted this bill, and in so doing are crying “unjust” towards those presently receiving SNAP and/or Medicaid.
And the democrats are awash in bitter tears….Bwa ha ha ha ha….gasp, chuckle….Hopefully the dear hearts will drown in them.
So thankful for President Trump’s leadership, so opposite the Biden leadership. Which we now know was not Biden himself, but a group we still do not know, opening our borders and creating an atmosphere of criminal activity which will take months to curb.We are glad for the big bill that will give our nation a foot hold on reality and security.
the nfl currently doesn’t pay ANY TAXES. is this stopped and made to make them pay taxes??? the nfl not paying any taxes is a massive mistake.
Well, if it does all of what the article says, it is going to go a long way toward helping Make America Great Again.
The Federal Reserve Bank is NOT a part of the federal government! It is America’s Central Bank! They are the ones who can legally print new paper dollars diluting the value of the paper $$ in our wallets. This is INFLATION! You see, rising prices is not inflation. Instead devaluing the dollar by printing more of it is what causes prices to rise. Washington, Jackson, Lincoln and so on until Woodrow Wilson slipped thru and won the 1912 presidential election and then signed the central bank bill (Fed. Reserve) in December 1913. It had been pushed by the “Big Money” people and they finally snuck it through. It was also the time when Wilson signed the Graduated Income Tax Act. These two bills, the tax and the central bank are two of the 10 planks of the Communist Manifesto!
OK Stephen. But real conservatives cringe at the price tag and how easy it was for Republicans to raise the debt ceiling by $5 trillion after bashing Dems for years for doing the same thing.