Special to WorldTribune.com
[image: Stephen Moore]
*By* *Stephen Moore* <worldtribune.com/life/category/commentary/stephen-moore/>, *July 9, 2025*
*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.”
[image: https://www.worldtribune.com/wp-content/uploads/2025/07/BBB7-300×148.jpg]‘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 or 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 visiting fellow at the Heritage Foundation and a senior economic advisor to Donald Trump. His latest book is: “Govzilla: How the Relentless Growth of Government Is Devouring Our Economy.”*
Unreported: The ‘hidden gems’ of the ‘Big Beautiful Bill’ <www.worldtribune.com/tag/unreported-the-hidden-gems-of-the-big-beautiful-bill/>
[image: Stephen Moore]
*By* *Stephen Moore* <worldtribune.com/life/category/commentary/stephen-moore/>, *July 9, 2025*
*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.”
[image: https://www.worldtribune.com/wp-content/uploads/2025/07/BBB7-300×148.jpg]‘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 or 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 visiting fellow at the Heritage Foundation and a senior economic advisor to Donald Trump. His latest book is: “Govzilla: How the Relentless Growth of Government Is Devouring Our Economy.”*
Unreported: The ‘hidden gems’ of the ‘Big Beautiful Bill’ <www.worldtribune.com/tag/unreported-the-hidden-gems-of-the-big-beautiful-bill/>
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