Big, yes. Beautiful, no. Donald Trump's regressive bill

川普的倒退法案

Checks and Balance from The Economist

2025-07-05

50 分钟
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Congress dutifully passed Donald Trump's $4 trillion tax and policy bill, despite many members' reservations about its cost. Congressional leaders crammed all of Trump's priorities into it, but the bill will cause millions of people in lower-income brackets to lose their health insurance and damage the foundations of America's economy. John Prideaux hosts with Charlotte Howard and Idrees Kahloon. Runtime: 50.50 Transcripts of our podcasts are available via economist.com/podcasts Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+   For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.
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  • The Economist.

  • The Senate historian doesn't know exactly when the term was coined,

  • but that anecdotal evidence points to Senate staffers around 1992.

  • Then, in 1996, Republican Whip Trent Lott used it on the Senate floor.

  • The word, and the process, has become more regular since.

  • This week's Voterama was the longest ever.

  • And President Trump.

  • But it was the most consequential

  • because it allowed the Senate to load up his signature domestic policy and tax bill

  • with enough goodies to get the votes to pass.

  • And despite previous reservations about its massive cost, the House dutifully passed it.

  • I'm John Priddo and this is Checks and Balance from The Economist.

  • Each week, we take one big beautiful theme, shaping American politics, and explore it in depth.

  • The one big beautiful bill.

  • It slashes millions from Medicaid rolls to extend tax cuts and create new ones.

  • What does that mean for Trump's working-class supporters?

  • The bill looks more like a traditional tax package than a MAGA wish list.

  • Will voters take note in next year's midterms?

  • Joining me this week to talk about the big, beautiful bill,

  • what's in it, and what its effects will be are Idrees Kaloun,