From One Year Ago
We live in a “what have you done for me lately” society…perhaps no better evidenced than with Congress and other elected officials. Hard to remember what they may have done, given the absolute failure to do much of anything for months.
This past Saturday marked the one year point since the President signed a major reconciliation bill, nicknamed the “One Big Beautiful Bill”. It’s something Democrats are using against Republicans on the campaign trail, and so far, the GOP is not responding very aggressively.
Economist Steve Moore of Unleash Prosperity published a list of how that bill impacted Americans…it’s a pretty extensive list, one which I would think GOP members of Congress would want credit for.
It prevented a $4 trillion tax increase…suspended the dreaded Alternative Minimum Tax…and reduced by half the number of families paying an unfair death tax. In all, it saved the average family between $1,500 and $2,000 a year in reduced income taxes…some of it you already saw with an increased refund when you filed taxes this past spring.
It also implemented work requirements for able-bodied Americans receiving taxpayer-funded benefits; building, in fact, on something started in the Clinton Administration.
The law opened federal lands and waters to oil, gas, coal, and mineral leasing, to aid in the U.S. being energy independent.
From the business standpoint, it extended the 20 percent tax reduction for small businesses, and allowed 100 percent immediate expensing for business equipment, software, and qualified production facilities—incentive for businesses to grow and expand.
And there’s more…it canceled illegal student loan bailouts…expanded health savings accounts to give Americans more health choices…contained the largest federal expansion of school choice scholarships for low-income families in the nation’s history…ended EV mandates…and saved tens of billions of dollars by ending other green new deal mandates…plus ended Medicaid for illegal immigrants.
That was a pretty good list. Too bad they didn’t build upon that momentum…but wouldn’t hurt to remind voters what was done a year ago.
