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Money On Fire - May 28, 2025

The Young Turks

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Tax Policy Battles: GOP and the Wealthy

This chapter explores the political turmoil surrounding a significant tax bill moving from the House to the Senate, focusing on GOP divisions and the implications of taxing the wealthy. It critiques Republican lawmakers for their hesitance to endorse tax hikes that could benefit lower-income individuals and discusses public sentiment against wealth favoritism in tax policies. The conversation also addresses proposals like raising the income cap for Social Security taxes as potential solutions to funding challenges.

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