The Intelligence from The Economist Bill baby bill: Trump’s landmark legislation
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Jul 2, 2025 
Idris Kaloun, Washington bureau chief at The Economist, and Oliver Carroll, Ukraine correspondent, dive into the implications of Donald Trump’s landmark legislation and its potential impact on American policy. They discuss the influx of foreign fighters in Ukraine, shedding light on their motivations and the harsh realities faced on the front lines. The conversation also explores New York City's congestion pricing, highlighting its transformation from controversy to success and the positive effects on urban life.
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Trump's Transformative Legislation
- Trump's "one big beautiful bill" is a sweeping, transformative legislation packed with his priorities.
- It extends tax cuts, cuts green subsidies, trims healthcare, and boosts immigration and defense spending.
Tax Cuts Inflate Deficit
- The bill's tax cuts will significantly blow out the deficit by about $3-4 trillion over ten years.
- Some Trump campaign pledges are temporary; permanent changes reflect Paul Ryan's economic influence.
Trump vs. Traditional Republican Economics
- Trump's economic policies contrast with traditional Republican supply-side economics.
- MAGA supporters have mixed reactions, especially over Medicaid cuts affecting many supporters.