When President Donald Trump signed the “one big beautiful bill” into law this month, he delivered one of the biggest wins for conservatives in the past 30 years, according to a free-market economist.
Former Trump economic advisor Stephen Moore praised the president for signing the measure that made many provisions of the Tax Cuts and Jobs Act of 2017 permanent, while also delivering what he sees as underappreciated wins for the conservative movement.
“I’ve been in Washington since the early 1980s, so that’s a long period of time,” Moore said at an American Legislative Exchange Council conference on Thursday in Indianapolis. “Forty years I’ve been in the swamp. And I would have to say this is one of the greatest conservative triumphs in at least three decades in Washington. This is a very, very good bill.”
During his speech, Moore highlighted what he called some of the “hidden gems” of the bill.
One is the first-ever federally funded private school choice program; it lets taxpayers donate up to $1,700 annually to scholarship-granting organizations and receive a 100% federal income tax credit for their contribution.
Another he mentioned was the law’s expansion of health savings accounts.
Under it, more people can open and contribute to HSAs, including those in direct primary care arrangements, on low-tier Marketplace plans, or using telehealth before meeting their deductible. It also lets people use HSA funds to pay for direct primary care fees.
Moore noted this after mentioning how expensive healthcare is in the United States.
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Author: Ray Hilbrich
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