Republicans have done a poor job of selling the virtues of the tax bill, so we will once again try to do their job for them.
Stephen Moore: Unleash Prosperity Hotline – The latest polls show that voter support for the Big Beautiful tax bill that passed back in July has turned slightly negative. A high percentage of Americans are buying the media/liberal spin that this was a "tax cut for the rich." As we've explained many times, that attack is fatuous because as IRS data show definitively, the share of taxes paid by the rich has risen, not fallen, as a result of the 2017 Trump tax cut, which this bill makes permanent.
But, as usual, Republicans have done a poor job of selling the virtues of the tax bill, so we will once again try to do their job for them. We've modified and updated our earlier "hidden gems" in the tax bill, and so here is the latest version:
How The Trump Tax Bill Benefits ALL Americans
- Prevents a $4 trillion tax increase
- Reduces by half the number of families paying the unfair death tax
- Suspends the hated Alternative Minimum Tax
- Implements work requirements for able-bodied Americans receiving taxpayer-funded benefits
- Saves the average family between $1,500 and $2,000 a year in reduced income taxes
- Opens federal lands and waters to oil, gas, coal, and mineral leasing
- Extends the 20% tax reduction for small businesses
- Allows 100% immediate expensing for business equipment, software, and qualified production facilities
- Cancels Biden's illegal student loan bailouts
- Expands health savings accounts to give Americans greater health choices
- Includes the largest federal expansion of school choice scholarships for low-income families in American history
- Ends Biden's EV mandates
- Saves $10s of billions of dollars by ending green new deal mandates
