The Jacob Shapiro Podcast Our Post-Neoliberal Moment (w/ Mike Konczal)
Jul 11, 2025
Mike Konczal, Senior Director of Policy and Research at the Economic Security Project, dives into the shifting dynamics of American capitalism. He discusses how the Biden administration's agenda is reshaping neoliberal norms and highlights the implications of increased public investment. Konczal critiques the 2025 Tax Act, focusing on its cuts to Medicaid and food assistance. They also explore the role of green energy policies in economic competitiveness, immigration policy dynamics, and the overall impact of fiscal strategies on market stability.
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Key impacts of 2025 Tax Act
- The 2025 Tax Act cuts Medicaid and SNAP significantly, making about 40% of Americans worse off.
- It extends large tax cuts favoring the wealthy and expands ICE's budget beyond some military forces.
Medicaid cuts' far-reaching effects
- Medicaid cuts include work requirements causing millions to lose healthcare, impacting rural hospitals and nursing homes.
- The bill shifts Medicaid from a broad safety net to a more punitive, precarious program.
Green energy setback in the bill
- The bill repeals green tax credits, increasing energy costs and slowing green energy progress.
- The U.S. risks losing leadership in green industries to countries like China.
