The Impacts of Extended Tax Cuts

Donald Trump and the Republicans in Congress set a July 4th deadline to pass a spending package the President and others gave the moniker the “One Big, Beautiful Bill.” Getting the measure to the president’s desk hasn’t been plain sailing - the Senate version passed this week only with a tie-breaking vote by Vice President JD Vance. Now fiscal conservatives in the House are battling over some of the details, but it seems likely to become law soon enough. 

On this episode of Free Expression, Gerry Baker speaks with economist and former director of the Congressional Budget Office Douglas Holtz-Eakin about the bill’s likely positive impact on the economy as well as the nation's dire fiscal situation, how the nation’s budget challenges still require reform of entitlements that seems politically elusive, and what this signature piece of domestic policy says about the direction of Trump’s Republican Party. 

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