From the opinion pages of the Wall Street Journal, this is Free Expression with Jerry Baker.

Hello and welcome to free expression from the opinion pages of the Wall Street Journal.

I'm Jerry Baker, editor at large of the journal.

As I always say, thank you very much, not only for joining us, but thank you very much for subscribing.

If you're not subscribing already, please make sure you do at Apple Podcasts, Spotify, or wherever you do, you're listening.

And please, of course, leave us a nice review. This week, we have the almost, almost legislated,

put into law, the one big, beautiful bill. Of course, this is the signature piece of domestic legislation for

President Trump and the Republican Party. Past the Senate, the Senate passed its version this week,

somewhat different from the House version that passed a couple of weeks ago, but not dramatically

or significantly different. As I record this now on Wednesday morning, it's back before the House.

The House is expected to devote pretty

soon. And while there are still some Republican opponents in the House, where there's a small

Republican majority casting some doubt on the outcome, I think we can probably, probably

be fairly confident that this measure, as I say, the signature measure of Donald Trump's second

term, domestic policy measure of his second term, is very likely to emerge in something like the form

that the Senate has passed. That is, of course, as you know, essentially the centerpiece of it

is the extension of the 2017 tax cuts that the Republicans passed in Donald Trump's first

term, that significant tax cuts, both in personal

income tax rates, but of course in corporate tax rates. So those were due to expire. They, as a

result of this measure, assuming it's passed, will be extended, now not essentially indefinitely.

Obviously, the other key elements of this measure, one set of important elements, at least in

political terms,

...