The simple math of the big bill

Planet Money

2025/07/04

Overview Shownote Highlights Transcript Chapters Pins

Shownote

If we think about the economic effects of President Donald Trumps big taxing and spending and domestic policy bill, we can roughly sum it up in one line. It goes something like this: We will make many big tax cuts permanent and pay for those tax cuts by c...

Highlights

This episode dives into the economic consequences of a major tax and spending bill that makes significant changes to the U.S. fiscal landscape. The discussion centers around how large-scale tax cuts are being financed through reductions in key public programs and increased government borrowing, raising concerns about long-term economic stability.

09:22

Dynamic scoring suggests tax cuts boost economic growth by expanding the tax base.

12:25

Trump's tax cuts will cost $4.5 trillion over ten years, with Medicaid reductions covering part of the expense.

29:34

New tax cuts could add at least $3 trillion to the deficit.

Chapters

Who Really Benefits from the New Tax Bill?

00:00

How Medicaid Bears the Brunt of Fiscal Cuts

12:25

What Happens When Deficits Keep Growing?

21:34

Transcript

Mary Childs: This is Planet Money from NPR. Kenny Malone: The bill, formerly known as the one big, beautiful bill, has officially passed. Both the Senate. Mary Childs: Being equally divided, the vice president votes in the affirmative and the amendment i...