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Reconciling Reconciliation

Moody's Talks - Inside Economics

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The Economic Impact of Tax Cuts and Social Safety Net Changes

This chapter explores the adverse effects of the Tax Cuts and Jobs Act of 2017, particularly focusing on how corporate tax cuts have failed to generate expected revenue growth. The discussion also delves into the implications of significant cuts to social safety net programs like SNAP and Medicaid, highlighting the financial burdens on low-income individuals. It critiques current tax legislation and emphasizes the widening income inequality, urging listeners to recognize the economic consequences for vulnerable populations.

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