Everyone knows that “big, beautiful” tax bill signed by the law of the Fourth of July lowers taxes for families and businesses. It also overturns a $ 4 trillion tax increase starting next year. That is enough justification of heartfelt celebration.
But the unknown is that this new law does not simply change the tax policy. This includes many other long-term policy purposes – what I call “secret gems.” Here is a list of some of the main policy victories:
The law is the most aggressive federal development of school selection by allowing parents low income to handle education dollars to their children’s private children.
The law also expands safety for personal medical storage accounts rather than the usual insurance. It allows workers to control their health care dollars.
The law adds mining and drilling of federal lands to increase access to natural American resource supplies to end our trust in the Middle East or China or Russia.
The law formally ends the bad bid-launa loan program, forcing taxpayers to swallow costs of unpaid college loans.
The law ends the electric vehicle vEhic command and round of green new agreement, so Americans allow to buy any vehicle they want.
The law expands opportunity zones and gives tax benefits for investment in the city and economic contents of rural areas. (I thought the Democrats cared for the poor communities!)
The law increases the tax of 8% of near-trillion dollars to bleeding universities of university – money under tax. Is there a better way to pay rich privileges?
Law strengthens work requirements for medicaid recipients and food food. History indicates that job requirements quit trust in good.
New law allowed the sale of extended spectrum to strengthen the broadband of the rural broadband, is certainly the technological government in America and reduced national debt at about $ 100 billion.
There is more shouting, but it is some of the great hits of a big and beautiful bill that has evolved in the freedom of America and prosperity. It is expected that the economy grows over 3% of the years ahead, struck the burden of our national debt. Is this the greatest consecutive win in modern times? It can only be done.
Stephen Moore is a cofounder that does not develop prosperity and a former Donald Trump economy advisor. His new book, coalored with Arthur Laffer, was the “miracle of the trumpet.”
