I don’t know about you, but I don’t know much about the BBB, other than it makes our current tax levels, as passed during the first Trump administration, permanent (as permanent as things are in D.C.), avoiding a huge tax increase next year. I know that it also provides some additional tax relief.
According to Stephen Moore at Townhall, here are some other benefits of the BBB. He calls it the biggest conservative victory in 30 years:
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 health care 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 repeals the electric vehicle mandate and phases out the Green New Deal, thus allowing Americans to purchase any 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 nearly trillion dollars of bloated university endowments — money that was never taxed. Is there a better way to tax the privileged rich?


