The Journal. Can the GOP Unite Around Trump’s ‘Big, Beautiful Bill’?
153 snips
May 20, 2025 
Richard Rubin, a tax policy writer for the Wall Street Journal, joins to dissect Trump's ambitious multitrillion-dollar tax and spending plan. He dives into the GOP's struggle for unity as members express mixed feelings about the bill's tax cuts and increased spending. Rubin highlights the potential $3 trillion deficit increase, debates over middle-income tax benefits, and the internal rifts among Republicans over fiscal strategies. He also discusses how these reforms could impact low-income protections, showcasing the tensions within the party.
AI Snips
Chapters
Transcript
Episode notes
GOP's Unified Bill Strategy
- Trump's bill bundles various Republican priorities into one large package so different GOP factions get something.
- It aims for a unified party vote even if some parts are disliked by members.
Extending 2017 Tax Cuts
- The 2017 tax law cut corporate rates and lowered individual taxes but had temporary provisions.
- Republicans now aim to extend and expand many cuts with majorities and Trump back in office.
Bill's Spending and Tax Focus
- The new bill increases spending on border and defense but cuts clean energy tax incentives.
- It includes Trump's promises like no taxes on overtime pay or tips to middle-class voters.