What's in the One Big Beautiful Bill?

[dan_s]

From Unleash Prosperity
We rate the House-passed tax legislation as a good bill, not a great bill. We grade it a B and Steve Forbes rates it as: "needs improvement."

That said, we cherry-picked some of our favorite, unheralded items from a White House document 50 Wins in the One Big Beautiful Bill that we suspect you aren’t aware of:

Implements work requirements for able-bodied Americans receiving taxpayer-funded benefits.
Reverses electric vehicle mandates set by radical climate activists.
Opens federal lands and waters to oil, gas, coal, geothermal, and mineral leasing.
Expands tax relief for small businesses by increasing the profits tax deduction to 23%.
Renews and expands 100% immediate expensing for equipment and machinery. < This is a BIG DEAL that should significantly boost the U.S. economy.
Increases the endowment tax on large universities. < Why not stop all federal funding to the already rich universities?
Cancels Biden's illegal, unfair student loan bailouts.
Requires states to pay a higher match for food stamps and strengthens work requirements.
Expands health savings accounts to give Americans greater choice and flexibility in how they spend their money.
Incentivizes school choice scholarships that empowers American families and students to choose the education that best fits their needs.
Ends requirement that Venmo, PayPal, and others report transactions over $600 be reported to the IRS. < Good news.
Holds universities financially accountable to the government on defaulted federal student loans.
Increases timber sales on federal lands.
Authorizes the sale of expanded spectrum to strengthen rural broadband and secure America's technological dominance.

That's pretty big and beautiful. We'll highlight what we like least in this 1000-page bill at a later date.