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Trump announces 'massive' trade deal with Japan with 15% reciprocal tariffs CNBCTrump announces ‘massive' trade agreement with Japan CNNTrump sets 15% tariff on Japanese imports as part of investment agreement NBC NewsTrump Administration Live Updates: President Announces Trade Deal With Japan The New York Times
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DOJ fires newly appointed US attorney in NJ after judges vote against keeping Alina Habba in role CNNShowdown in New Jersey Over Top Federal Prosecutor The New York TimesDOJ fires US attorney for New Jersey after state picks her over former Trump lawyer Alina Habba ABC NewsBondi Fires First Replacement After Judges Reject Habba Appointment Democracy D
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Alina Habba: Trump's ex-lawyer replaced as federal prosecutor by judges BBCDOJ fires US attorney for New Jersey after state picks her over former Trump lawyer Alina Habba ABC NewsDOJ: Habba successor ‘removed' after NJ court ousting from top prosecutor role The HillJudges vote to o
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The One Big Beautiful Bill Act is now law. It's expected to cost the government a pretty penny. The Congressional Budget Office predicts a $3.4 trillion increase in the deficit over ten years. This is driven by significant tax cuts, including extensions of those made in 2017.
Trump's advisors argue the tax cuts will pay for themselves. Today on the show, we speak with the guru on that school of thought, Arthur Laffer, and dig into some of those claims with a tax economist.
Related episodes:
The simple math of the big bill (Apple / Spotify)
What's going to happen to the Trump tax cuts? (Apple / Spotify)
So, how's this No Tax On Tips thing gonna go? (Apple / Spotify)
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.
Fact-checking by Corey Bridges. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
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