The Dispatch Podcast Biden’s Big Beautiful Cover Up | Roundtable
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May 23, 2025 Join Capitol Hill reporter Charles Hilu as he unpacks the implications of the House's recent 'big beautiful bill' and its controversial tax provisions. The discussion dives into President Biden's cognitive decline and how it's portrayed in the media, highlighting the perceived biases in political reporting. The roundtable also tackles the accountability of journalists and the impact of AI on entry-level job markets, raising vital questions about the future of employment in an evolving landscape.
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House Bill Extends Tax Cuts
- The House bill extends Trump's tax cuts permanently and raises the SALT deduction cap to $40,000.
- It also includes Medicaid changes and rolls back some Biden-era green energy credits.
SALT Deduction Political Dilemma
- SALT deductions subsidize high state taxes in blue states through federal tax breaks.
- This creates a political dilemma for Republicans from those states, despite policy drawbacks.
No Justification for Full SALT
- There is no sound policy justification for full SALT deductions.
- They encourage inefficient state bureaucracies by hiding real tax costs from taxpayers.
