What A Day Billionaire Tax Club
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Feb 27, 2025 
Lindsay Owens, an economist and executive director of the Groundwork Collaborative, dives into the complex world of tax policy and economic inequality. She discusses the fallout from the Trump administration's decision to cut IRS workers just as tax season begins. Lindsay explains potential Republican tax cuts and highlights the negative impact of budget cuts on low-income healthcare. The conversation also touches on rising economic uncertainty and the implications of misinformation surrounding recent health crises.
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Tax Cuts and Low-Income Americans
- Republicans aim to cut taxes, primarily benefiting the wealthy.
- Millions of low-income Americans won't benefit as they don't pay income tax.
GOP Budget Proposal
- The House GOP budget proposes substantial tax cuts for the ultra-wealthy.
- It barely passed, highlighting internal Republican struggles.
Extending 2017 Tax Cuts
- Proposed tax cuts would extend those from 2017, set to expire this year.
- These primarily benefit high earners and corporations.