OPINION
Why Trump's Tax Cuts Must Take Priority
By Dick Morris
Friday, 23 May 2025 01:16 PM EDT
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In the maneuvering over the big beautiful Trump tax cut three prominent sources of revenue were left on the table and remain to be used. It may turn out to be the Big Beautiful Bill Part 2 (BBB 2.0).
1. None of the close to a trillion dollars in revenue expected from the tariff increases Trump is pushing made it into the "Big Beautiful Bill (BBB)." The tax cuts in the bill are entirely funded by conventional tax revenues, albeit with optimistic but also realistic expectations of increased revenues due to economic growth.
2. Trump has instructed his Interior Department to proceed with massive sales of federal land, largely in Utah and Nevada. The revenue from these sales was not tapped in the BBB.
3. Trump is making drug companies hold their prices for prescription meds to the lowest they charge in other countries. The cut will reduce Medicaid and Medicare costs substantially. Again, none of these savings are in the big beautiful bill (BBB).
2. Trump has instructed his Interior Department to proceed with massive sales of federal land, largely in Utah and Nevada. The revenue from these sales was not tapped in the BBB.
3. Trump is making drug companies hold their prices for prescription meds to the lowest they charge in other countries. The cut will reduce Medicaid and Medicare costs substantially. Again, none of these savings are in the big beautiful bill (BBB).
So, because of the arcane rules that control how the Congressional Budget Office scores expected new revenues in budget bills, these three sources of revenue enhancement and spending reduction remain on the table and could potentially be used to finance a BBB Part 2.
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READ MORE: https://www.newsmax.com/morris/donald-trump-tax-cuts-tariffs/2025/05/23/id/1212120/
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