In this episode, Cato Institute's Scott Lincicome and Adam Michel dive deep into the sweeping new legislation—dubbed "The One Big Beautiful Bill"—moving through Congress. They break down what’s at stake as key provisions of the 2017 tax reform are set to expire, unpack the bill’s complex mix of tax cuts, new carve-outs, and industrial subsidies, and examine why temporary tax policy and policy uncertainty could derail economic growth. Plus, they confront the fiscal fiction behind tariffs as a reliable revenue source and make the case for a cleaner, more permanent pro-growth tax system. If you're looking for a sharp, honest take on where tax and trade policy stand in 2025—and where they should go—this one’s for you.

Show Notes:

Adam Michel, "Republicans’ One, Big, Beautiful Tax Bill Needs a Makeover" Cato.org, May 14, 2025

Adam Michel, "Four Things the Senate Can Do to Improve the House Tax Bill" Cato.org, May 22, 2025

Scott Lincicome, "Republicans Can’t Pay for Their Tax Cuts with Fantasy Revenue Sources" The Washington Post, May 27, 2025

Scott Lincicome, "Trump’s Latest Tariff Idea Is Dangerously Foolish" The Dispatch, June 19, 2025

Adam Michel, "Senate Big Beautiful Bill: More Growth, More Subsidies, More Debt" Cato.org, June 30th, 2025

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