Ones and Tooze Trump's Policy Bill
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Jun 6, 2025 The podcast dives into a major Republican policy bill projected to add $2.4 trillion to the national debt while extending tax cuts and slashing essential federal programs. It discusses the internal conflicts within the Republican Party regarding fiscal responsibility. Additionally, there's an intriguing segment on the economics of Pilates, tracing its historical roots and assessing its current market implications. Listeners will gain insight into the interplay between government policy and economic inequality.
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Big, Beautiful Bill Debt Impact
- The Big, Beautiful Bill would increase U.S. deficits by $2.4 trillion over ten years while extending tax cuts and cutting Medicaid spending.
- It represents the core of Trump's legislative agenda, with contentious policy effects including health insurance losses for millions.
Republican Party Divisions
- The Republican Party is fractured over the bill, with tax-cut factions, fiscal hawks, and populists conflicted about its deficit and distribution impacts.
- The populist right supports it for immigration enforcement powers but opposes it for deficit growth and cuts to the poor.
Medicaid Cuts Via Work Requirements
- Medicaid cuts in the bill use work requirements that create administrative hurdles to reduce spending by effectively excluding many eligible low-income people.
- These mechanisms deter and push out vulnerable populations through paperwork, reflecting political motives more than efficient policy.