President Donald Trumps permanent tax cut will change the world.The"big, beautiful bill" is the capstone of years of work to create a pro-growth tax policy that will make the American economy so strong we will leave Europein the dust and convince China they cannot compete with us militarily or economically.The big bill provides lower tax rates for all. Permanent, immediate expensing of business investment. Tax simplification. America competing in the world economy with lower taxes, not lower wages.And the largest spending cut of any budget resolution in history.TRUMP'S 'BIG, BEAUTIFUL BILL' CLEARS FINAL HURDLE BEFORE HOUSE-WIDE VOTEThe "big, beautiful bill" makes all the temporary parts of the original Trump tax cuts permanent: the doubling of the child tax credit and standard deduction, the lower, across-the-boardpersonal income tax rates for all Americans, and the powerful pro-growth immediate business expensing provisions.The importance of permanent 100% business expensing cannot be overstated. This is an achievement pursued by the taxpayer movement for the past five decades.Thanks to the bill, individuals and companies willknow how to plan for the future.They can purchase and immediately deduct the cost of plant and equipment. They can place a new factory into service and deduct 100% of the cost.SENATE PASSES TRUMP'S 'BIG, BEAUTIFUL BILL' AFTER MARATHON VOTE-A-RAMADemocrats will not be able to claw back such widespread and successful tax reductions. Republicans will not have to "buy" extensions of tax rate reductions as they did in defending the previous Bush tax rate reductions.Following the Trump 2017 tax cuts with its temporary expensing provisions,Americans for Tax Reformcompiled over1,200 testimonialsand newspaper reports documentingnew investment and higherwages and benefits.The stories flowed in from all 50 states.Now again--without thepandemic White House economistKevinHassettfoundthatthepermanence of individual and corporate tax reduction will increaseeconomic growthto the point that revenue will rise $4 trillion over the next decade.Growth will increase wages and manufacturing jobs. Growth will reduce the size ofthedeficit and debt as a percentage of our economy. We willmoveforward away from thedebt as we did afterWorld War IIwhen the debt fell from 100% of GDP to 20% ofGDP. TAX CUTS, WORK REQUIREMENTS AND ASYLUM FEES: HERE'S WHAT'S INSIDE THE SENATE'S VERSION OF TRUMP'S BILLEvery Democrat opposes the bill. Theyll have to explain to their constituents why they voted against across-the-board tax cuts, against no tax on tips and overtime and Social Security, against an expansion of the per child tax credit.The Democrats "NO" vote is a vote for an across-the-board tax increase. Democrats wantpersonal income tax ratestosnap back toBarackObama levels. Highertax rateson every taxpayerandsmall businessand thechild tax creditand standard deduction cut inhalf.The economy responded to passage of the2017 Trump tax cutswith massive new investment in the United States.Before the Trump taxcutsmany companies were "inverting." They werebought by foreign companies because the American firms were worth more if owned by Canada or a European companytheir tax laws were saner than Americasin the time before Trump.LOEFFLER: TRUMPS ONE BIG, BEAUTIFUL BILL COULD CEMENT ECONOMIC LEGACY FOR DECADESObama called companies shanghaied by overseas purchases disloyal and "Benedict Arnold" companies. In fact, U.S. policy continued by Obama damaged American competitiveness. The Trump tax cut fixed this andno significant companies have moved overseas since the Trump tax cut was enacted.The take-home pay of the median family increased in 2019 by 6.8%. That was growth that was driven by the original tax reform that is now being made permanent.But one notes that the growth cameafterRepublicans lost40House seats because the growthdidnot become evident in time to win votes for the 2018 congressional elections.This time,Trump and the Republican leaders are determined to avoid this fatal delay. The goal isenactment byJuly 4. Thepresident signed the 2017 bill on December 22, 2017 and it did not take effect until 2018.Trump and the Republican Congress ensured that this legislation will take effect for new investments as early as six months ago on January 19,the day beforeTrumps inauguration. No business needs to wait to invest in job-creating, productivity-enhancing plant and equipment that will make employees more productive and therefore more highly compensated.And yes, the legislation includes President Donald Trumps promised "No Tax on Tips" and "No tax on overtime pay" andprovides tax cuts for seniors on Social Security.CLICK HERE FOR MORE FOX NEWS OPINIONThere are many other conservative wins in the bill. Here are some of the highlights: Taxpayers urge the House to pass the big beautiful bill now in order to get it to President Trumps desk by July 4. With his signature, Americanswillkeep more of what they earn.CLICK HERE TO READ MORE FROM GROVER NORQUIST