Prof G Markets The Dangerously Irresponsible Tax Bill — ft. Maya MacGuineas
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Jun 27, 2025 
Maya MacGuineas, president of the Bipartisan Committee for a Responsible Federal Budget, is a leading budget expert who sheds light on the potential passage of the GOP tax bill and its consequences. She discusses America's troubling debt trajectory and why young people should pay attention to it. MacGuineas breaks down the 'least taxing' categories and emphasizes the disparity between political rhetoric and actual fiscal practices. Her insights highlight the urgent need for fiscal reforms that prioritize future generations amidst rising national debt.
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GOP Tax Bill Deepens Debt Crisis
- The new GOP tax bill will add $3-5 trillion more debt, worsening America's already unsustainable debt trajectory.
- Rising debt and interest payments outpace economic growth, increasing financial risks for the country.
Debt Trajectory and Foreign Holdings Matter
- America's debt worries stem from debt trajectory and growing interest payments rather than just debt level.
- Large foreign debt holdings mean interest payments drain domestic resources and hurt economic growth.
Post-9/11 Marked Fiscal Myth Shift
- A turning point was post-9/11 when tax cuts coincided with war spending without tax increases.
- Fiscal myths like tax cuts paying for themselves enable politicians to avoid hard budget choices.